Michigan Research & Development Update

Michigan Research & Development Update

As of April 2024 By Natalie Grumhaus   Despite the chilly weather of Second Winter currently enveloping Michigan, hope “springs” eternal for businesses with R&D costs in the state. On Tuesday, March 19, 2024, the Michigan Senate approved three of the five...
Section 179D in 2024

Section 179D in 2024

by Natalie Grumhaus   While tax credits and deductions typically don’t provide much benefit to nonprofits, if any at all, recent changes to the Inflation Reduction Act (2022) that were passed in 2023 now provide incentives to qualifying nonprofit organizations....
IRS Regulations UPDATE & Clean Energy Tax Credits

IRS Regulations UPDATE & Clean Energy Tax Credits

Written by Natalie Grumhaus On March 11, 2024, and effective as of May 10, 2024, the IRS published the finalized regulations allowing tax-exempt organizations, along with a select number of for-profit companies, to elect to treat tax credits as a payment of Federal...
Mental Health Balance Sheet

Mental Health Balance Sheet

By Randy Crabtree, CPA Are you feeling tired all the time? Are you having frequent negative thoughts about your work and questioning why you became an accountant? Are you not caring as much as you used to? Is your efficiency slipping lately? If so, you may be...
How to Take Advantage of 48C

How to Take Advantage of 48C

by Barry Devine   This article will provide what manufacturers need to know about The Qualifying Advanced Energy Project Credit (48C) program. The aim is to explain the technical evaluation process, information related to the application process, utilization of...