Businesses in economically distressed communities often have difficulty obtaining capital for expansion, equipment, facilities and other investments. The New Markets Tax Credit (NMTC) encourages private investment in these underserved areas by offering federal income tax credits to qualifying investors.
Read MoreManufacturers often focus on reducing production costs and improving operational efficiency, but many overlook potential tax savings that may be hidden in their purchase records. To help ensure that your manufacturing business is taking advantage of all available exemptions to enhance your cash flow, consider conducting a reverse sales and use tax audit.
Read MoreMany nonprofits experience financial challenges. Even organizations with healthy fundraising can face cash shortages if money isn’t arriving when it’s needed.
Read MoreBeginning January 1, 2027, businesses that sell software or Software-as-a-Service (SaaS) to customers in California (or businesses that purchase it) will be subject to the state’s sales and use tax for the first time. This change comes as part of California’s state budget, signed on June 29, 2026.
Read MoreDo you hold assets such as overseas real estate, foreign bank accounts or investments in international markets? Properly addressing foreign assets in your estate plan is essential to avoid unexpected tax consequences, legal complications and asset transfer delays for heirs.
Read MorePrivately held manufacturers may benefit from the temporary increase to the limit on the federal income tax deduction for state and local taxes (SALT). Here’s what you need to know about the current status of the deduction, and steps you can take to maximize it through the 2029 tax year.
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