MANDATORY CAPITALIZATION OF R&E EXPENSES – THE IMPACT ON LIFE SCIENCES COMPANIES
Our friends at BDO explain that Research & Experimental (R&E) expenditures after December 31, 2021 will no longer be immediately tax deductible. Instead, businesses are subject to mandatory capitalization of R&E expenses – now they must capitalize and amortize these expenditures over a period of either 5 or 15 years, depending where the research takes …
MANDATORY CAPITALIZATION OF R&E EXPENSES – THE IMPACT ON LIFE SCIENCES COMPANIES Read More »
PLANNING FOR THE SOLAR ENERGY INVESTMENT TAX CREDIT: IRS Construction deadlines and qualifying percentages
Solar energy Investment Tax Credit aside, solar energy is a popular choice for businesses looking to reduce their carbon footprint through alternative energy sources. In addition to supporting a company’s environmental, social, and governance (ESG) strategy, converting to solar energy potentially can lock-in lower energy rates. Our friends at BDO explain in this article …
Tech is Bringing Efficiencies to Back of House – Restaurant Update
From the drive-through speaker to QR code menus, restaurant patrons are familiar with technology that streamlines front of house restaurant operations. Recent years have seen increased focus on innovation at the back of house. Though not necessarily visible to the average customer, changes underway will have a profound impact on customer experience. Tech is bringing …
Tech is Bringing Efficiencies to Back of House – Restaurant Update Read More »
BREAKING DOWN THE CHIP SHORTAGE – Q&A with BDO
What does the chip shortage mean, and how can we plan for it? The Wegmann Dazet friends at BDO offer a Q&A breaking down the chip shortage. Whether you’re the CEO of a manufacturing firm struggling to gain access to the materials needed for your production process or you’re a consumer unable to find …
Update: Claim ERC and receive PPP loans!
An update from our friends at BDO – CARES Act Employee Retention Credits for Nonprofits, retroactive to March 12, 2020. One way to continue to pursue your organization’s objectives is to ensure that you can still function, even if only in a limited capacity. Nonprofits were supported with the CARES Act in March 2020, which includes the …
Payroll Taxes, Compensation, Benefits: 2020 not the same as 2019
As this year draws to a close, our friends at BDO remind us that year-end 2020 may not be the same as 2019 when it comes to payroll taxes and compensation and benefits matters. This alert highlights various areas of change and what employers should be focusing on. New Form for Reporting Non-Employee Compensation …
Payroll Taxes, Compensation, Benefits: 2020 not the same as 2019 Read More »
Special Coronavirus Message to our Clients and Friends
The management of Wegmann Dazet has been closely monitoring the spread of the novel Coronavirus throughout the city of New Orleans and surrounding areas. As with everyone, we are concerned about our clients as well as our people as we work through this unprecedented situation. Since the beginning, we have encouraged our staff to focus …
Special Coronavirus Message to our Clients and Friends Read More »
