Tax Incentives Blog

Don’t Neglect Cybersecurity as a CPA

Written by Ted Marquardt. Updated Feb 12, 2019.

“It is best to prepare for the days of necessity.” If you are familiar with Aesop’s Fable of The Ant and the Grasshopper, you may recognize that quote as the closing thought of the Grasshopper who is struggling to survive a cold winter without any food.

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4 Questions To Ask New Hires Before Day Two To Secure Employment Tax Credits

Written by Stephanie Cornejo Banuelos. Updated Feb 8, 2019.

Timing is everything. A universal truth that can be applied to almost every moment in life where a decision or action can change the course of things to come. The swing of a baseball bat, the delivery of a comedian’s punchline, leaving work five minutes late, or gathering enough courage to strike up a conversation before the next train stop…all moments that can make a difference.

Now, while the potential ramifications to one’s destiny may not be quite as profound, timing is also very important when it comes to your business capitalizing on employment incentives.

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It’s Not Lonely in the Lone Star State! More Businesses Call Texas ‘Home’

Written by Ted Marquardt. Updated Feb 6, 2019.

On the heels of the record-setting incentive package of more than $1.5 billion in grants and tax breaks from New York state that Amazon stands to get for bringing at least 25,000 workers to a new campus in Queens, New York Gov. Andrew Cuomo was quoted as saying, “All things being equal, if we do nothing, they’re going to Texas.”

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Pop Quiz! What’s Your R&D Tax Credit IQ?

Written by Ted Marquardt. Updated Feb 2, 2019.

Nothing like a pop quiz to wake you up and get one’s juices flowing! You probably landed on our blog site thinking you could just passively sit there and read about the R&D Tax Credit, an income tax credit that can provide a dollar-for-dollar reduction in a company’s federal tax liability. Well, not today dear reader…not today.

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‘Money Grows in Rows’ for California Agriculture with the Help of R&D Tax Credits

Written by Ted Marquardt. Updated Jan 30, 2019.

California, the most populous state in the nation, is home to Hollywood stars, Silicon Valley technology, Disneyland amusements, sunny coastline beaches, and majestic National Parks. Since becoming a state nearly 170 years ago, California is one of the country's wealthiest and most socially and politically influential.

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‘WHO WHO’ are my WOTC qualified workers?

Written by Stephanie Cornejo Banuelos. Updated Jan 26, 2019.

For those of us that provide Work Opportunity Tax Credit (WOTC) services to business owners, it is easy to assume that most business owners are bird lovers. The perception that they are ornithology enthusiasts comes from frequently hearing many of them attempt their best Barred Owl imitation.

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Artificial Intelligence Means Real Opportunities for CPAs

Written by Ted Marquardt. Updated Jan 22, 2019.

 Your smartphone alarm goes off, and a new day has begun. You roll over in bed, grab your phone from the nightstand, and then briefly stare into it, allowing the device to recognize your face and unlock itself. You then mutter, “Hey Siri, what is the weather for today?”

While you learn it will be 41°F and rainy, your smart thermostat has already bumped up the temperature knowing you soon will be rolling out of the warm comfort of your bed.

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R&D Credits ‘Make the Cut’ with the Tax Cuts and Jobs Act

Written by Charlotte Ochs. Updated Jan 19, 2019.

When President Trump signed the Tax Cuts and Jobs Act (“TCJA”) into law a little over a year ago, he enacted the most sweeping update to the U.S. tax code since the 1986 tax reform enacted under President Reagan.

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Elephant in the Room: IRS Addresses WOTC Certification Delays

Written by Ted Marquardt. Updated Jan 15, 2019.

There it is. Slowly lumbering around…back and forth. Everyone is keenly aware of its presence. In fact, it cannot be ignored. An immovable obstacle…a disconcerting distraction of mammoth proportions. With it comes a sense of helplessness, as your business and thousands more like it across the country are faced with the five-ton frustration of certification delays for the WOTC (Work Opportunity Tax Credit), and the burden of amended return filings.

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You Complete Me: CPA Firms Partner with Tax Consultants to Attract Business

Written by Darren Labrie. Updated Jan 9, 2019.

There is no shortage of famous movie quotes in the lexicon of pop culture, and the phrase “You complete me” uttered by Tom Cruise in the film Jerry Maguire certainly belongs somewhere at the top of the list. While expressed with complete sincerity in the film to his love interest, the phrase has enjoyed longevity having been oft quoted, sometimes as a comedic device, such as in the film Austin Powers and the TV show The Office, and in the deranged rantings of the villainous Joker in the Batman film The Dark Knight.

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