Tax Savings in the Present May Yield Substantial Income in the Future

For business owners seeking to boost net profits, taking advantage of all possible opportunities for tax savings offers a powerful solution. As they build their businesses, however, it is also crucial that owners plan for retirement and ensure that their tax and financial strategies are designed to support them in their later years. Fortunately, with […]

New Bipartisan Bill Would Expand and Make Permanent the §179D Deduction

Update: On February 9, President Trump signed into law the Bipartisan Budget Act of 2018. This new law retroactively renews the §179D deduction for 2017. Therefore, commercial building owners and primary designers may now claim the deduction for qualifying energy-efficient projects completed in 2017. At this time, however, Congress has not taken any action to […]

Clean Energy for America Act Proposes Significant Changes to the §179D Deduction

Update: On February 9, President Trump signed into law the Bipartisan Budget Act of 2018. This new law retroactively renews the §179D deduction for 2017. Therefore, commercial building owners and primary designers may now claim the deduction for qualifying energy-efficient projects completed in 2017. At this time, however, Congress has not taken any action to […]

Section 179D Has Expired, But Commercial Building Owners Can Still Save with These Two Tax Strategies

Update: On February 9, President Trump signed into law the Bipartisan Budget Act of 2018. This new law retroactively renews the §179D deduction for 2017. Therefore, commercial building owners and primary designers may now claim the deduction for qualifying energy-efficient projects completed in 2017. At this time, however, Congress has not taken any action to […]

Small and Mid-Sized Defense Contractors, Have You Considered the R&D Credit as a Tool for Tax Savings?

The United States is protected by one of the strongest and most technologically advanced militaries in the world. A key factor contributing to the U.S. military’s sophistication is the federal government’s use of private contractors to design and manufacture innovative solutions for the nation’s defense needs. Each year, major defense contractors—such as Lockheed Martin and […]

What’s Next for the Expired §179D Deduction? 3 Bills Under Consideration by Congress

Update: On February 9, President Trump signed into law the Bipartisan Budget Act of 2018. This new law retroactively renews the §179D deduction for 2017. Therefore, commercial building owners and primary designers may now claim the deduction for qualifying energy-efficient projects completed in 2017. At this time, however, Congress has not taken any action to […]

Changing Rates Highlight the Costly Pitfalls of Sales Taxes

The election of a new president was not the only pivotal change that occurred on November 8: voters in cities, counties, and states across the U.S. also approved laws that will have significant implications for individuals and businesses. For instance, several cities and counties passed measures that will raise sales tax rates as a way […]

5 Ways for Mid-Sized Businesses to Slash Expenses

Businesses of all sizes contend with the perpetual dilemma of how to maintain the quality of their goods or services while reaping healthy profits. While small businesses tend to receive abundant financial advice and large corporations are notorious for their cost-cutting measures, medium-sized businesses often overlook the savings opportunities available to them. From easy eco-conscious […]

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