Shay CPA

FEBRUARY 10, 2025

While this typically signals pro-business tax incentives, concerns about the federal budget deficit may delay any sweeping amendments to Section 174. Proper classification ensures you dont capitalize ordinary expenses and helps determine what portion (if any) qualifies for R&D tax credits. calendar years.

accrual accounting 52

accrual accounting Tax CPA payroll tax 52

CPA Practice

JUNE 18, 2025

The Senate bill includes the following provisions that the AICPA has endorsed in the past: An increase in the standard deduction for years 2025-2028. However, we remain concerned regarding the inequitable treatment of pass-through entities compared to corporations,” said AICPA President & CEO, Mark Koziel, CPA, CGMA.

Tax 87

Tax Technology income tax payroll 87

Insightful Accountant

JUNE 30, 2025

Wind and solar projects must now be placed in service by 2028 to qualify for the section 45Y clean energy production credit, tightening the timeline from the previous requirement of merely beginning construction by that date. A residential construction accounting exception was also added to the community development section.

general ledger 52

general ledger Alaska New Hampshire Construction 52

CPA Practice

JULY 4, 2025

President Donald Trump held an outdoor signing ceremony at the White House on Friday, formally enacting a major tax and spending bill that passed through the Senate and House earlier in the week.

Tax 93

Tax income tax business tax 93

Shay CPA

JULY 26, 2023

The business should also partner with a university or college sponsoring the tax-free area where the company seeks to do business. These companies should have incurred qualified research and development expenses in New York State and received a certificate of tax credit issued by Empire State Development (ESD).

New York 52

New York Technology income tax Real Estate 52

CPA Practice

JULY 1, 2024

The tax ( A4704 ), which is retroactive to Jan. 1, 2024, will net the agency $1 billion a year before it ends in December 2028, although NJ Transit will not start receiving the money until next summer, when the state’s bus and rail agency, faces a $766 million financial shortfall.

New Jersey 52

New Jersey Tax Education Government 52

Withum

FEBRUARY 20, 2025

The following chart shows examples of the general codes covered by each category and the tax rates for 2025-2026 for each. They are scheduled to increase in 2027 and 2028. The Homelessness Gross Receipts Tax (HGRT), an additional tax for larger businesses, will now apply to more Companies.

Tax 90

Tax tax return payroll Sales 90