The IRS is providing broad-based penalty relief to most taxpayers who filed certain 2019 and/or 2020 tax returns late due to the Covid-19 pandemic. Read our article to find out whether you might qualify.
Last week, President Biden signed the Inflation Reduction Act into law. Most Americans will eventually be affected by the new legislation, which aims to reduce the federal deficit by $90 billion in the next 10 years. CSH's Justin Vanderglas provides an overview of the new provisions related to climate change, health care, and—significantly—taxes.
President Biden recently signed The Creating Helpful Incentives to Produce Semiconductors for America Act. Part of the CHIPS and Science Act of 2022, the bill provides $52 million for tax incentives designed to increase semiconductor production in the US. Read our article for all the details.
The Creating Helpful Incentives to Produce Semiconductors for America Act (CHIPS Act) was recently passed by Congress as part of the CHIPS and Science Act of 2022 and signed into law by President Biden on August 9, 2022. Among other things, the $52 billion package provides generous tax incentives to increase domestic production of semiconductors, also known as chips.
An HR audit can review your company’s current policies, procedures, documentation, and internal systems with the goal of highlighting areas that need improvement to meet current compliance standards. Download our HR audit checklist and see what’s involved.
This straightforward process classifies your property into categories with different depreciation rates. For example, building components like carpet, lighting, and cabinetry can be classified into 5-, 7- or 15-year categories. In contrast, a commercial building depreciates over 39 years.
Are you like many of our clients, looking for ways to increase your bottom line that don’t require much effort? A cost segregation study could provide tangible benefits to your business’ bottom line. Don’t just take our word for it: review our cost segregation case study to see how one manufacturer who purchased and renovated a property benefited from cost segregation.