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IRS guidance for prevailing wage and apprenticeships
Engineered Tax Services

IRS Prevailing Wage and Apprenticeship Guidance Issued for 2023-2032

Article Sections Overview Impacted Programs Prevailing Wage Guidance Apprenticeship Guidance Recordkeeping Requirements Beginning of Construction Guidance Fast Facts Conclusion Resources   Overview Introduced in the Inflation Reduction Act (IRA) of 2022, prevailing wage and apprenticeship provisions in certain tax incentives will allow taxpayers to receive increased benefit if they abide by labor guidelines. Prevailing wage

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Engineered Tax Services December 5, 2022 No Comments
social media audience
Lexi Ecker

Defining your accounting firm’s audience on social media

Social media is all about creating and building relationships, but it provides no benefit if your accounting firm is building relationships with the wrong people. To build relationships with the right people, you need to clearly define your target audience and adapt your messaging for each of its segments.   Your Social Media Audience Most

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Lexi Ecker December 1, 2022 No Comments
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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Engineered Tax Services November 29, 2022 No Comments
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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Lexi Ecker November 17, 2022 No Comments
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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Engineered Tax Services November 14, 2022 No Comments
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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Lexi Ecker November 2, 2022 No Comments