Cost segregation is a tax planning strategy that reduces federal income tax liability by accelerating the depreciation of commercial building costs. It can be a smart way for businesses to make their real estate investments work for them sooner. Let's…
For the Biden administration and the Democratic party, the Build Back Better plan has become something of a moving target. Despite the apparent need for most of the essential elements of the program, passing it has become an uphill battle…
As we enter the tax filing season, business owners across the country are busy harmonizing their papers to make their tax filing process as seamless as possible. But for thousands of these business owners, this might mark yet another frustrating…
Tax time brings a range of feelings for business owners. Whether it’s indifference or mild anxiety, no one loves the thought of paying taxes on the profit. But there are certain things to get excited about — tax credits. Credits…
Maximizing the efficiency of your client's tax-paying dollar is the most important job of every accounting firm. Making the most out of every available tax credit is a proven game plan to reach the goal of not paying more than…
Some say that comparison is the thief of joy. But in business, that might not be entirely fair. While maintaining your vision of where the firm is going is critical, it's also important to keep an eye on the competition…
Recently, Tri-Merit published the results of our R&D Tax Credit survey. As is often the case, the results were full of information about who is offering R&D tax credit services - and who is not. The results also lead us…
R&D Tax Credit Benchmarking Survey & Study Research and Development Tax Credits represent a considerable opportunity for CPAs and their clients alike. How do we know? Well, we asked! Throughout the summer of 2021, Tri-Merit engaged in a comprehensive independent…
Ready to Offer IRS Audit Defense for Clients? The word “audit” around tax time is scary for businesses, the self-employed, W-2 filers, and even accounting firms. That said, the consensus is that audits trigger about .4-.5 percent of the time (based on…
The Unique CPA Virtual Conference (Everything you need to know) Tri-Merit is hosting our 1st Annual The Unique CPA Virtual Conference this December. As we wrap up 2021, we're putting together a great event to give accounting professionals like yourself…