Feds, CPAs Need Cybersecurity Tax Credits

Written by Corporate Tax Incentives. Updated Aug 9, 2019.

The CPA. A respected professional who corrals numbers and wrangles through tangled IRS red tape and mercilessly mutable regulations to help his clients manage their finances and tax returns. Some offer specialty services, such as tax incentive and credit claims, to further assist their clients with money-saving tax breaks.

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Putting People to Work & Cashing in on WOTC: A CTI Success Story

Written by Rachel Zarate Brouwer. Updated Aug 5, 2019.

Administrative burdens, technology slumps, and meeting the bottom line. Staffing clients combat many headaches in their efforts to put people to work. For this, they deserve to be rewarded.

CTI sees the value that staffing firms bring to the economy, and we pay that forward by adding value to their bottom line. We can step in and help place them in a better financial situation when we maximize their Work Opportunity Tax Credit (WOTC).

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How to Conquer 4 Challenges of Today’s CPA

Written by Corporate Tax Incentives. Updated Jun 20, 2019.

Every industry and professional harbors unique challenges. For instance, police officers face dangerous criminals; for veterinarians, it’s uncooperative patients with sharp claws and teeth; carpenters, they strive to preserve all ten digits; and tightrope walkers…that darn gravity.

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Work Opportunity Tax Credit and Jobs Act to Help American Workers…Permanently

Written by Rachel Zarate Brouwer. Updated May 20, 2019.

Updated May 20, 2019

Sen. Chuck Grassley (R-IA) announced late last week that lawmakers on the Senate Finance Committee will form bipartisan groups to analyze how best to address expired and soon-to-expire tax incentives, known as extenders.

Finance Committee Democrats and Republicans will convene six separate working groups to analyze tax extenders, with the two largest working groups addressing energy tax incentives and those for economic and community development.

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How An Outsourced Tax Consultant Boosts Your CPA Firm’s Value

Written by Darren Labrie, CPA. Updated Apr 23, 2019.

I have a great mechanic. “Eddie” is well-rounded, his knowledge spanning all that is automotive. Yet, I wouldn’t say he’s expert in any one area. When you need the basics, he’s the guy. This became a bit of an issue, though, when my car came down with a confounding transmission problem.

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Don't Be Shocked by What May Qualify as Research Activity for Electrical Contractors

Written by Corporate Tax Incentives. Updated Feb 16, 2019.

Opinions, opinions, opinions…. everybody has them and the latest one on the application of section 41, the “R&D Tax Credit”, is fresh off the presses from the federal court in the southern district of Ohio.

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Don’t Neglect Cybersecurity as a CPA

Written by Corporate Tax Incentives. 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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It’s Not Lonely in the Lone Star State! More Businesses Call Texas ‘Home’

Written by Corporate Tax Incentives. 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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Artificial Intelligence Means Real Opportunities for CPAs

Written by Corporate Tax Incentives. 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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Elephant in the Room: IRS Addresses WOTC Certification Delays

Written by Corporate Tax Incentives. 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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