2020 Retirement Plan Limitations
On November 6, 2019, the Internal Revenue Service announced the cost-of-living adjustments (COLA) that will take effect January 1, 2020 (IRS Notice 2019-59).
PA DOR Will Apply $500,000 Economic Nexus Rule for Corporation Income Tax Filings in 2020
The Pennsylvania Department of Revenue recently issued Corporate Tax Bulletin 2019-04[i], which implemented a $500,000 economic nexus threshold for Corporate
Clarification on 100% Bonus Depreciation for Dealership Owners
The Internal Revenue Service released proposed regulations on utilizing 100% bonus depreciation for dealerships that deduct floorplan interest expense.
Is Your Construction Company Eligible for R&D Tax Credits?
The Credit for Increasing Research Activities (IRC Section 41), or the R&D Tax Credit, as it is more commonly known, has been around since 1981. And