Food and beverage compliance insights
Take a proactive approach to risk, compliance, and tax planning. Keep updated on the latest technical reporting requirements and legislative changes to ensure your food and beverage company is positioned to achieve its strategic financial goals.
Food and beverage compliance insights
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IRS issues additional guidance for documentation of R&D tax credit refund claims
The IRS has updated its October 2021 memorandum that details a new standard for documenting research credit refund claims and released FAQs and other materials to help taxpayers understand the new documentation requirements. Our R&D experts discuss the new information.
Section 174 and Section 163(j) among key tax changes for 2022
Several federal tax changes took effect on Jan. 1, 2022, which may require consideration prior to the first estimated tax payment dates of 2022. Our tax experts highlight some of these changes and what you should consider now.
Senate releases Build Back Better Act tax changes as progress slows
On December 11, the Senate Finance Committee released preliminary text for the revised tax changes in the Senate’s version of the Build Back Better Act (BBBA). Our tax experts discuss these modifications and what you could consider doing now.
Planning for potential changes to Section 174 research and experimental expenses
A provision from the TCJA that's set to take effect on Jan. 1, 2022, will require taxpayers to significantly change how they treat R&E expenses under Section 174. Though the implementation date may be delayed, taxpayers still need to prepare.
Timing is everything: Revisiting accounting methods in a changing tax landscape
With year-end in sight, it’s time for taxpayers to review their current year tax strategy, plan for future tax year projections, and make sure their accounting methods and elections are in line with their tax goals and year-end projections.
IRS outlines guidance for documentation of R&D tax credit refund claims
Recent IRS guidance may create a significant new documentation requirement for taxpayers who claim refunds for the research and development tax credit, but it could be revised before it takes effect. Our R&D tax experts discuss further.