Alternative Cost Method Updates for Real Estate Developers
Real estate developers can now use a more streamlined approach to capture estimated common improvement costs using the alternative cost accounting method as outlined in new IRS guidance released in January 2023.
New guidance from IRS on correction of errors in qualified retirement plans
The IRS released Notice 2023-43 to provide interim guidance on plan correction changes under SECURE 2.0 until Rev. Proc. 2021-30 (EPCRS) is updated.
PBMares Announces a New Resource to Assist Businesses and Organizations
AdvisoryWATCH provides expert guidance to empower executives, entrepreneurs, and managers with the knowledge, strategies, and inspiration necessary to thrive in today's dynamic business landscape.
Bipartisan House Bill Seeks to Streamline Individual Tax Return Extension Requests and Payments
By Charles Dean Smith, Jr., CPA | Bipartisan proposed legislation would prevent individual taxpayers from incurring federal penalties for failing to accurately calculate estimated payments for current-year tax liability when requesting tax filing extension
Analyzing Indirect Rate Changes – Base or Expense?
Budget variances, the difference between planned billing rates and planned forward pricing rates and actual performance, favorable and unfavorable, will happen. When they do, it is critical to profitability to understand what is causing the variance so it can be considered in your budgeting process going forward or operationally corrected.
What’s in the Inflation Reduction Act, Anyway? 12 Tax Provisions in Detail
From corporate tax changes to clean energy tax credits, the 179D commercial building deduction, and more, the Inflation Reduction Act contains a myriad of tax law changes for 2023 and beyond. This article details 12 tax changes likely to impact most taxpayers.
