On September 8, 2023, the Department of Treasury (Treasury Department) and the Internal Revenue Service (IRS) released Notice 2023-63 (the […]
IRS Announces Increased Compliance Review Measures for Existing ERC Claims, Halt on Processing New ERC Claims Through 2023
Coronavirus (COVID-19) Resources, Tax Planning & Compliance
On Thursday, September 14, 2023, the Internal Revenue Service (IRS) announced that it is increasing compliance review measures for Employee […]
Enhancements to Section 179D: An Energy-Efficient Commercial Building Deduction
Construction Industry, Tax Planning & Compliance
Building owners and qualified professionals (architects, designers and engineers) can claim up to $5.00 per square foot for energy-efficient buildings […]
Charter Schools May Qualify for the Employee Retention Credit
Nonprofits, Tax Planning & Compliance
The Employee Retention Credit (ERC) was established as a refundable tax credit for employers who faced disruptions during the COVID-19 […]
IRS Updates Dirty Dozen List of Tax Scams for 2023
Tax Planning & Compliance
Tax season might be over, but tax scams are not. Fraudsters are constantly looking for new ways to deceive businesses […]
President Biden Proposes Fiscal Year 2024 Budget
Tax Planning & Compliance
President Biden has released his Fiscal Year (FY) 2024 Budget to Congress, with a proposal to raise taxes on corporations […]
Maryland’s New Corporate Diversity Addendum
Tax Planning & Compliance
For the 2022 tax filing season, entities who file an Annual Report with the State Department of Assessments and Taxation […]