PKF North America News

Reading Time: 2 minutes 45 seconds The federal Research & Development tax credit is a lucrative incentive designed to reward businesses that focus on innovation. Unfortunately, many eligible businesses do not make a claim because of various misconceptions. The reality is that companies across several industries can often qualify based on general business activities. While … Continued The post Why JLK Rosenberger for Your R&D Tax Credit Study? first appeared on JLK Rosenberger.

Reading time: 2 minutes 15 seconds Over the last few years, there have been significant changes to regulations governing retirement saving plans. This includes updates to how employer-sponsored retirement plans work, and several states have introduced retirement plans for those without a plan option. Several parcels of legislation have been designed to make plan participation, … Continued The post Auto Re-Enroll Act of 2023 first appeared on JLK Rosenberger.

Reading time: 30 seconds Today, the IRS extended the tax filing and payment deadline for most taxpayers in 55 California counties to November 16, 2023. This applies to federal tax returns and payments originally due on April 18, 2022. Eligible returns and payments include individual income taxes, IRA and HSA contributions, partnership and S-corp returns, … Continued The post IRS Postpones Tax Deadline for California Storm Victims to November 16 first appeared on JLK Rosenberger.

Reading time: 2 minutes The Inflation Reduction Act of 2022 included $80 billion in additional funding for the IRS, of which a little more than half is earmarked for enforcement. After the law’s passage, rhetoric quickly arose in the political sphere about armies of IRS auditors pursuing middle-class taxpayers and small business owners who may … Continued The post IRS Shifts Enforcement Policy to Higher-earning Taxpayers, Corporations, Partnerships and ‘Abusive’ Schemes first appeared on JLK Rosenberger.

Record inflation over the past two years has pushed up the price of nearly everything, particularly gas, which has a broad ripple effect on the prices of goods everywhere, from groceries and consumer goods to raw materials and components used in manufacturing. But one area where inflation may benefit many Americans is on their tax … Continued The post Inflation Drives Projected 5.4% Increase in Tax Bracket Levels for 2023 Tax Year first appeared on JLK Rosenberger.

Due diligence leading to a merger involving construction companies involves special consideration of issues unique to the industry. During times of high investment activity in construction deals – such as what we’ve seen in the past couple of years – investors must understand how the singular characteristics of a construction company can impact not only … Continued The post Construction Mergers Involve Special Issues Unique to the Industry first appeared on JLK Rosenberger.