CPAs: Are your clients missing the opportunity to claim valuable tax credits?
During these times of uncertainty Tax Point Advisors is continuing to offer their expert tax advice via tele-services.
A significant but often overlooked financial incentive to energy efficient builders and contractors is the 45L tax credit. This tax credit is for owner occupied or rental dwelling buildings that meet certain energy saving standards.
On March 30, the IRS issued a draft of Form 7200 to identify a larger set of employment taxes against which the payroll tax credits could be applied.
The filing deadline for federal tax returns has been extended from April 15 to July 15, 2020.
President Trump has signed into law the historic $2 trillion relief bill known as the Coronavirus Aid, Relief and Economic Security (CARES) Act.
R&D efforts are crucial to improving the lives of those suffering from a wide range of diseases including this new Coronavirus currently in the media. Innovative companies investing in medical research should take advantage of R&D tax credits to increase their chances of success.
The R&D League will work together to provide scientific tools to San Antonio and investigate new ideas to help city staff make data-driven decisions.
The MORE Act addresses many of the issues deriving from marijuana prohibition, but it does not offer remedies for every issue. Instead, it takes a somewhat hands-off approach, leaving most regulatory questions up to the individual states.
Tax Point Advisors provides R&D tax credit services and other specialty tax services to businesses in the cannabis industry and can help you navigate any issues and opportunities arising from this new Illinois legalization for 2020.
