Reform’s many aspects; healing your energy; BOI deadline problem; and other highlights from our favorite tax bloggers.
Day: June 18, 2024
Regs. cover green energy incentive wage and apprenticeship requirements
Under new final regulations issued by the IRS, taxpayers can generally increase the base amount of certain credits or deductions by five times when they meet prevailing wage and apprenticeship requirements.
PCAOB sanctions firms for violating rules
The Public Company Accounting Oversight Board levied sanctions against firms in the U.S., Canada and the United Arab Emirates for violating various rules and standards.
IRS relaxes R&D tax credit refund claim requirements
The Internal Revenue Service is easing the rules for claiming a tax refund tied to a claim for the research and development tax credit.
TQA addresses related-party disclosure requirements
The AICPA issued a new Technical Question and Answer to provide nonauthoritative guidance regarding the audit implications of a new related-party disclosure requirement for institutions that participate in the financial assistance programs of the Higher Education Act.
Fuel generative AI investment with R&D tax credits
The confluence of generative AI’s boundless potential and the strategic application of the R&D tax credit can be a game-changer for businesses willing to lean into innovation.
Woodard: Firms using M&A to build CAS
The current wave of M&A activity is driven at least in part by the need for firms to build out their CAS practices quickly, said Joe Woodard at Scaling New Heights