Blog - Engineered Tax Services

IRS Should Level The Field For R&D Tax Credits

For years now, the architectural, engineering, and construction community has been receiving the research and development tax credits it deserves for fostering innovation in its creation of America’s vital infrastructure.[1] But recently the architectural, engineering, and construction community has begun seeing an increase in unfair denials of these credits by the Internal Revenue Services, breaking

Julio Gonzalez March 8, 2021 No Comments

10 Questions CPA Firms Should Ask Before Hiring a Cost Segregation Partner

Cost segregation provides property owners and investors with an invaluable tax-savings tool for accelerating depreciation. The IRS requires that an engineer prepare a cost segregation study to determine how property will be classified, so it is essential that your CPA firm works with a specialty tax services partner expert that has years of hands-on experience

Heidi Henderson February 23, 2021 No Comments

How Can I Claim The Employee Retention Credit?

Thanks to the Consolidated Appropriations Act, 2021, eligible employers who retained employees during the COVID-19 pandemic can take advantage of the employee retention credit (ERC), a provision of the CARES Act, through June 30, 2021. Eligible employers now have until June 30, 2021 to claim the tax credit on wages paid to employees they retained through the

Engineered Tax Services February 19, 2021 No Comments

Growing Your CPA Practice with Specialty Tax Services: How to Use Data Mining, Technology, and Innovation to Identify Prospects

What if there were the opportunity to increase your firm’s revenue while adding tremendous value to your clients? The truth is, many of your clients qualify for valuable tax credits and deductions that can help them improve cash flow and reinvest in their businesses. In our experience, we have found that many CPA firms sell

Heidi Henderson February 11, 2021 No Comments

2021 Budget Bill Enhances Three Key Tax Incentives for Architects

The 2021 omnibus spending bill approved by Congress in December includes enhancements to three key tax incentives that are advantageous to architects and developers. AIA partner Engineered Tax Services explains what you need to know to take advantage of the benefits. Congress approved a combined 2021 omnibus spending bill in December, which includes an additional

Engineered Tax Services February 9, 2021 No Comments

Six Factors Businesses Should Consider Before Applying For A PPP Loan

In the earlier months of the pandemic, Paycheck Protection Program loans were a lifeline for many companies. These loans provided funds to help businesses continue to fund payroll and other

Engineered Tax Services February 3, 2021 No Comments