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…
By Natalie Grumhaus As tax and legal advisors to corporations with multinational businesses, it’s important to provide your clients with advice to help them minimize their tax liabilities in all markets. While the U.S. Section 41 credit (the “R&D credit”)…
By Natalie Grumhaus The IRS officially broke its silence this week on the status of the millions of outstanding ERC claims. While the old adage of “no news is good news” may still ring true for some, having a little…
By Andrew Nlemadim As part of ambitious clean energy initiatives, the Domestic Content Bonus Credits provided by the Inflation Reduction Act (IRA) represent a significant opportunity to enhance renewable energy projects further. If your clients include manufacturers that produce components for…
The Qualifying Advanced Energy Project Credit (48C) Program By Barry Devine Round 2 for the 48C has been announced!! “The DOE section 48C portal will open no later than May 22, 2024, for taxpayers to submit a concept paper…
In an era where clean energy and sustainability are at the forefront of industrial development, the U.S. Department of Treasury and Internal Revenue Service have announced pivotal updates that promise to influence the landscape of energy project financing significantly. With…
By Natalie Grumhaus For the last few years, anyone can tell you how miserable and unnecessarily lengthy IRS audits can be. Even the IRS has acknowledged this and, in an effort to streamline processes and enhance the taxpayer experience, it…