The IRS issued a notice on Thursday, September 14, 2023 advising taxpayers that a temporary moratorium has been placed on the processing of Employee Retention Tax Credit (ERC) claims until at least the end of the year. In light of this, we at Engineered Tax Services (ETS) want to ensure that you're fully informed and
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The Highlights Why It Matters While this notice doesn't overhaul the R&D tax credit system, it does provides valuable clarification for companies engaged in research and development. We want to help you fully understand these changes so you can plan accordingly. The team at ETS offers specialized consultations, R&D tax credit analyses and compliance guidance
Running an agricultural business these days often feels like a juggling act. Between managing employees, maintaining equipment, keeping up with regulations and actually growing crops or raising livestock, there’s a lot to balance. And on top of it all, you have to keep an eye on your finances. It’s easy to get caught up in
Strategic planning is vital for success in fitness and finances. Just as a tailored workout plan can sculpt the perfect physique, Cost Segregation offers Fitness Centers a customized tax savings workout by accelerating depreciation on specialized assets. What if you could write off up to 30-35% of your building's original purchase price in the first
Construction projects are complex endeavors with tight budgets and profit margins. As a builder or designer, you're constantly looking for ways to maximize value for your clients while also protecting your bottom line. One often-overlooked opportunity is the 179D tax deduction for energy-efficient commercial buildings. Understanding 179D Tax Deductions The 179D tax deduction, part of
On August 29, 2023, the IRS issued Reg-100908-23 to provide details on claiming bonus deductions or credits for energy efficiency (as outlined in the IRA bill) that require proof of prevailing wages and apprenticeship hours. This newly issued guidance focuses on: This guidance applies to numerous incentives outlined in the IRA bill, but we will