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Check Out Our Latest Blog Posts

NY COVID-19 Capital Costs Tax Credit Program 

New York State Governor Kathy Hochul announced that applications are now being accepted from small businesses with 100 or fewer employees for a new tax credit program that will allow them to recoup costs incurred to increase COVID-19 safety during 2021 and 2022. Applications for the COVID-19 Capital Costs Tax Credit Program will be accepted from businesses …

NY COVID-19 Capital Costs Tax Credit Program  Read More »

Myths about the ERC

The employee retention tax credit is overlooked by many organizations that might be eligible to take advantage of the credit. The ERC applies for 2020 and 2021 and there is a three-year window to file an amended return. Since this credit applies to quarterly activities and ends up being amended 941 or the quarterly tax …

Myths about the ERC Read More »

NEW! Inflation Reduction Act changes 179D building deduction

The Section 179D Energy Efficient Commercial Building Deduction provides a deduction of up to $1.88 per square foot for both building owners who construct new or renovate existing energy efficient buildings as well as designers of government-owned buildings. The Inflation Reduction Act of 2022 recently signed into law significantly changes the 179D deduction. The existing …

NEW! Inflation Reduction Act changes 179D building deduction Read More »

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