Under the proposed Build Back Better Budget, many of the proposed changes are aimed at closing loopholes that benefit the wealthy. One of the proposed changes would do this by targeting retirement accounts and the commonly used tactic of … Continue reading
Wrapping up our breakdown of the White House’s Build Back Better Budget, we will be covering the changes to tax compliance and IRS enforcement as well as green energy incentives. Previously, we’ve discussed implications on businesses, individuals… Continue reading
After living through such an obscure year, many of us have restructured at least some portions of our lives. This could mean a different job, a new kid, or many other potential alterations. It is important to recognize and … Continue reading
We’re continuing our breakdown of tax implications from Biden’s Build Back Better Budget, we’ve made it through business provisions, international provisions, and are now touching upon individual implications. The original proposal included increases to the top income … Continue reading
We’re continuing to break down tax implications from Biden’s Build Back Better Budget, moving from business provisions to international provisions and later individual implications. For the most part, the proposed provisions relating to international taxation were able to stay … Continue reading
New rules have been put in place for claiming refunds on research tax credits, requiring more information than those previously established. For each business component, companies will need to identify all research activities they’ve performed
After a long period of negotiation, and many changes to the framework, the White House’s reduced Build Back Better Act is closer to passing than ever before. Nancy Pelosi was questioned recently and asked on the probability of passing … Continue reading
As today is the Marine Corps birthday and Veteran’s Day is approaching tomorrow, we’d like to take some time out and thank those who have served our country. What better way to do this than discuss some tax advantages … Continue reading
Leaders from around the world are meeting at the United Nations COP 26 climate change conference to speak about the growing urgency of the global climate crisis. During this conference, a main
Recently, the IRS announced that it boosted the annual cap for 401(k), 403(b), and most 457 plans contributions by $1,000 from this past year. With this increase, workers will now be able to set aside up to $20,500 for … Continue reading