written by Phil Williams The IRS has recently provided long-awaited guidance on a pressing issue in Employee Retention Credit (ERC) claims. To fully grasp the issue and the proposed solution, let's revisit notice 2021-20 from March 2021, where the IRS…
Specialty Tax Planning – February Update By: Phil Williams, Partner, Tri-Merit As a seasoned specialty tax firm, Tri-Merit closely monitors conversations in Washington as well as legislative items in debate and relevant cases making their way through the Federal Courts. …
By Phil Williams With the R&D tax credit offering significant financial benefits, you might assume that every eligible company is taking full advantage of it. Yet, many businesses miss out on these valuable incentives due to persistent misconceptions—leaving thousands, or…
by Natalie Graumhaus ERC Today v. McInelly Challenges IRS Method of Processing ERC Claims Since the IRS has started processing the backlogged ERC claims after the end of the moratorium this year, they have been sending out a…
ASSURING 2024 QUALIFICATION FOR IRA ENERGY ITC & PTC PROJECTS BEGINNING OF CONSTRUCTION John Kapral JD, CPA, LLM Approaching the end of 2024, you or your clients may have questions about energy, storage, or greenhouse gas mitigation projects that…
By Phil Williams – Partner, Tri-Merit, LLC While the dust is still settling on the final handful of races in the House of Representatives, the shift of power in Washington is becoming more evident, and with that comes some…
by Phil Williams In 2024, 35 states will have some version of a research and development tax credit available, with the intention that the preferential tax treatment will help both attract new businesses to the state as well as…
By Harkrishan Sahi, CCSP In the world of real estate investment, achieving maximum returns and optimizing cash flow are top priorities. Yet many real estate owners, investors, and their tax advisors overlook cost segregation studies. That’s a missed opportunity for your…
To our friends, families, clients, and supporters, Recognition of this type is simply a testament to the exceptional work done by the entire Tri-Merit team over the years. Their knowledge, expertise, and commitment to providing exceptional service to our clients…
by Nicholas Pantaleo Employee Retention Credit. For some, the topic brings up a lot of skepticism, and for others, it brings a lot of joy, yet a large segment of businesses feel frustrated. If you are a business that…