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Welcome to the Engineered Tax Services blog, your go-to resource for the latest tax insights and news. We are committed to providing you with up-to-date information, expert analysis and strategic guidance on a wide range of tax-related topics. Our blog serves as a comprehensive platform for businesses and individuals seeking to navigate the complex world of taxation and maximize their financial outcomes.

Our blog covers a broad spectrum of tax-related topics, from detailed insights into specific tax benefits to news on the latest regulatory developments. We delve into various tax strategies, providing clear steps and tools to help you implement these strategies effectively. Our expert analysis offers a deep understanding of the tax landscape, helping you make informed decisions and drive your financial growth.

We understand that the world of taxation is constantly evolving, with new laws, regulations and compliance issues emerging regularly. Our blog keeps you abreast of these developments, offering timely news and insights that can have a significant impact on your tax planning and management.

In addition to providing valuable tax insights and news, our blog also offers guidance on related areas such as finance, business development and technology. We recognize that these areas are often intertwined with taxation and understanding these interconnections can provide a more holistic view of your financial management.

We invite you to explore our blog, leverage the insights it offers and stay informed about the latest developments in the world of taxation. With our blog, you have a wealth of tax insights and news at your fingertips, helping you navigate the complexities of taxation and achieve your financial goals.

section 174
Engineered Tax Services

What Does Section 174’s New Amortization Rule Mean for R&D Credits?

Future changes to the way companies can take deductions from research and development expenses may make investing in innovation more difficult, particularly for small businesses and startups. Furthermore, these new regulations may have a negative impact on U.S. national security. Business owners should have long-term strategy in mind when determining how to properly classify expenses.

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accounting firm social media
Lexi Ecker

Establishing Your Accounting Firm On Social Media

Establishing your accounting firm’s voice on social media should be a top priority. If your firm doesn’t have a brand guide that includes its tone of voice, now is the perfect time to create one. It doesn’t have to be a full-blown brand guide⁠—just something that helps to establish and maintain a consistent brand voice.

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employee retention tax credit scams
Engineered Tax Services

How to avoid employee retention tax credit scams

A survey by the National Federation of Independent Business (NFIB) found that only 4% of small business owners are “very familiar” with the Employee Retention Tax Credit program. Furthermore, only 32% said they were “somewhat familiar” with the incentive. Scammers are taking advantage of this unfamiliarity to collect high fees from business owners. Unscrupulous companies

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accounting firms
Lexi Ecker

Tips for Accounting Firms looking to get started on Social Media

Getting started on social media can be confusing and hard to understand. Especially for accounting firms that keep putting it off. Yet it truly is not as bad as it seems. Trust me. I manage over 20 social accounts, many of which I created from scratch. With the busy season behind us, now is the

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social media
Lexi Ecker

Why the accounting community needs to participate in social media!

As an accountant, social media marketing isn’t inherently one of your many skills. A poll we ran earlier this year shows that perfectly. We asked other accountants what marketing aspect they believe their firm struggles with the most. Social media was top of the list, with 37% of accounting firms stating it is their #1

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Engineered Tax Services

TAX ALERT: IRS may extend the transition period for compliance regarding research credit refund claims

  IRS Update *** The IRS is extending for another year (through January 10, 2024) the transition period during which taxpayers are provided 45 days to perfect a research credit claim for refund prior to IRS’s final determination on the claim. A recent comment by an IRS official indicating that the agency may extend the … Read more

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milwaukee cost segregation study
Engineered Tax Services

Magic in Milwaukee: a Cost Segregation Possibilities Story

I’m a woman who’s a restaurant owner. Last year I purchased a Japanese restaurant in, of all places, Milwaukee, Wisconsin. I really wanted to renovate it, but I was concerned about the construction cost. With a startup business, how could I afford the renovations? Then last year, I was reading Forbes online when I came

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customer relationship
Engineered Tax Services

Customer Relationship Management Is Vital to a CPA Firm’s Success

A recent CPA Practice Advisor article entitled How Accounting Firms Can Prioritize Client Relations uncovered a surprising truth—the main reason new clients part ways with their accounting firm is because the firm isn’t responsive enough, particularly when it comes to emails. With a possible recession on the horizon, it’s more important than ever for CPA

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new state life sciences r&d tax credit program
Engineered Tax Services

New York State Offers a Life Sciences Research and Development Tax Credit

You may know that life sciences are eligible for federal research and development (R&D) tax credits nationwide—but did you know that New York State offers a life sciences research and development tax credit? New York State Eligibility It’s true. Businesses undertaking life sciences research and development are eligible if they meet all three of these

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