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Tax Legislation Update

On Wednesday (January 31, 2024), the U.S. House of Representatives passed HR 7024 – The Tax Relief for American Families and Workers Act of 2024. This $78 billion tax package passed in the House with an 83% approval rate and now makes its way to the Senate. Highlights of HR…

February 1, 2024

Research & Development Expenses Tax Update

Beginning in 2022, research & development (R&D) expenses receive new tax treatment. Historically, the government has provided multiple tax incentives to companies performing research and development activities under the premise that this is good for economic growth. The government has generally allowed companies to both immediately expense R&D costs and…

September 27, 2022