Research and development (R&D) tax deductions and credits have long held bipartisan political support in Congress and throughout the business and consulting world. However, as part of the 2017 Tax Cuts and Jobs Act, IRC Section 174(a) was amended to require amortization and capitalization of such costs over five years for domestic costs and 15 years for foreign costs as of Jan 1, 2022.
Business and tax consultants have warned that such a change could disincentivize R&D spending in the US due to timing issues between revenue recognition and funding deductions created by the new depreciation rule.Learn More
Our benefits professionals provide a complete range of planning and compliance services under the Internal Revenue Code and ERISA, with tax minimization strategies, structuring of employee benefit plans, fiduciary compliance, and government and internal audits. We understand the application of the Internal Revenue Code and ERISA to qualified and non-tax qualified retirement plans and welfare benefit plans. Our compensation and benefits services include:
Our audit and assurance services help you get to know your business even better and on every level. We work with you to help you meet assurance demands. Our audits provide essential insights into the current state of your business and help you to envision and plan a stronger future for your organization.Learn More
Our consultants collaborate with you to develop and execute specialized solutions uniquely tailored to your unique situation,through our specialized consulting services, we help you optimize profitability and growth, improve workflow and processes, identify and implement technologies, manage risk and compliance, and more.Learn More
Our specialty-trained team of advisors work with clients to ensure success in various business needs, including Transaction Services, Corporate Finance, Client Accounting Advisory Services, and International Business Services. We work with you every step of the day to ensure your company is receiving and utilizing to best information and tools to achieve success.Learn More