Ideas & Insights

Immediate and retroactive expensing of qualified improvement property creates tax saving opportunities for taxpayers.

Law firms and professional services businesses are experiencing challenges with the COVID-19 pandemic, creating state and local tax issues.

Beginning in 2020, some individual taxpayers working remotely in Illinois will have a 30-day safe harbor from the state income tax.

Professional services firms could be overlooking financial reporting standards that affect software and cloud-based platforms costs.

Small business owners may be able to increase tax-beneficial retirement contributions with the use of a cash balance plan.

Listen to business and professional services tax professionals provide analysis of tax issues affecting the industry.

Insurance companies seeking to make a change to the basis of computing certain reserves receive new automatic accounting method change.

From meals and entertainment to new business income deductions, law firms have much to ponder related to tax reform.

Business and professional services firms face challenges due to tax reform, but there are opportunities to maximize the benefits, too.

What state and local tax considerations can greatly affect business and professional services providers? Learn more.

Business and professional services providers should consider whether sales tax collection is necessary in the wake of the Wayfair decision.

Learn the valuation impacts resulting from the TCJA and its effect on business owners and investors assessment of ownership interests.

Companies should review the tax treatment of their M&E expenses to comply with the changes of expenses to 0%, 50% and 100% deductible.

Learn how DPAD and IC-DISC tax incentives can benefit architecture and engineering firms. Take advantage of these key tax opportunities.

A detailed analysis is required to identify the often-overlooked research credit opportunities in the engineering and construction industries.