Author name: Cecilia Gulizia

Delay of Limits on Tax Deductions TRAFWA would delay the implementation of two significant provisions of the Internal Revenue Code (IRC) that affect business tax deductions. Capitalization of Research Expenses under § 174 Section 174 of the IRC bars taxpayers from deducting “specified research or experimental expenditures” (SRE) during the tax year that they incur […]

Mastering your cyber insurance claims   Here are some key steps to optimize your coverage:   Thorough policy understanding Delve into the nuances of your policy. Scrutinize terms, conditions and coverage limits. Identifying inclusions and exclusions aligns your expectations effectively, empowering you to grasp the extent of protection offered. Precision in application Accuracy is paramount

Changes to Form 5500   Form 5500 is a collaborative project by the DOL, the IRS and the Pension Benefit Guaranty Corporation (PDGC). It provides a single document the EBPs can use for the reporting requirements under the Employee Retirement Income Security Act (ERISA) of 1974. Calling it a “single” document seems misleading, of course, considering

The Inflation Reduction Act and Its Impact on Nonprofits   Under the Inflation Reduction Act of 2022, nonprofit organizations have the opportunity to receive credits for the production of investment in electricity from renewables or clean energy, including the purchase of qualified commercial “clean” vehicles.   More specifically, the Inflation Reduction Act includes 12 different credits that