What is the Inflation Reduction Act? Why is it important? The Inflation Reduction Act of 2022 (IRA) introduces the grandest energy incentive effort in U.S. history. Building upon the energy initiatives implemented in the American Reinvestment Recovery Act of 2009,…
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 have allowed us to grow and established the foundation for a promising future. From top to bottom, we are thrilled to be listed on the Inc. 5000 list
The TCJA requirement that all Section 174 (R&E) expenses be amortized over a 60 (domestic) or 180 (foreign) month period is still in place. However, there are two bills introduced in 2023, one in the Senate and one in the…
The term “prevailing wage” has long been used in the context of federal agencies that award or fund contracts for the construction or repair of public buildings or public works. The rules were originally proscribed in the Davis-Bacon and Related…
I can’t begin to tell you how excited I am that the 2023 Unique CPA Conference will be an in-person event this year. Scheduled to kick off with an evening event on August 28, followed by two comprehensive days of…
The r(EVOLUTION)ary Shake-Up Is Happening - Are You On Board? The Unique CPA has lined up a list of the top names in accounting to share their industry insights at our 2nd Annual Virtual Conference. Registration closes soon,…
Inflation Reduction Act of 2022 – Changes for 179D The Inflation Reduction Act of 2022 has been signed. The legislation includes some key changes to §179D that must be addressed. What does this mean for the §179D deduction? This is…
Research and Development (R&D) is integral to the business ecosystem as it spurs invention, innovation, and progress. R&D is perhaps one of the main drivers of business efficiency and growth since it allows improvements to existing processes, the creation of…
Businesses and individuals are always looking for ways to minimize their tax burdens. One way to do this is through cost segregation. Cost segregation is a strategic tax planning tool that allows businesses and individuals who have purchased, constructed, remodeled,…
If you've sold or traded Bitcoin, Ethereum, or any other cryptocurrency this year, then you probably have a tax obligation. While crypto is largely anonymous, it is increasingly common for crypto trading sites and exchanges to issue users with IRS…