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Stay ahead this #taxseason with key insights for CPAs and brokers! ?? March is a critical time to navigate evolving tax regulations and uncover new opportunities for your clients. This month's digest breaks down strategies for scaling international tax services, navigating IRC 41 & 174 uncertainty, and maximizing incentives for manufacturers reshoring operations. ? ?? Plus, don’t miss insights on Corporate Transparency Act compliance and #propertytax appeal strategies. ? ?? Read the full digest at the link below! ? #SpecialtyTax #CPAs #RealEstateTax #RDTaxCredit

The #IRS is intensifying enforcement of Foreign Bank Account Report (#FBAR) compliance. The case of Patricia L. Bowden underscores the risks firms face when failing to report foreign financial accounts—penalties can reach up to 50% of account balances. ?? Explore the full #GlobalBusiness blog by Greg Lambrecht, CPA, to learn more about FBAR compliance and its potential impact on your clients. Link below. #TaxCompliance #InternationalTax

?? Is your client planning to expand, relocate, or invest in new facilities? Don’t leave valuable economic incentives on the table. ?? Our #LocationAdvisory team helps businesses unlock growth opportunities through tax credits, grants, and strategic incentives. If your clients are adding jobs, purchasing equipment, or making real estate improvements, the time to act is now. Let’s talk! #EconomicIncentives #BusinessGrowth #TaxStrategy

Navigating cross-border tax compliance requires precision. ? Using the Transactional Net Margin Method, our #GlobalBusiness team conducted a #transferpricing study for a Japanese manufacturer’s U.S. subsidiary, ensuring alignment with OECD guidelines and tax authorities in Japan and the U.S. See how we streamlined the process in just 5-6 weeks at the link below. #GlobalTax #OECDCompliance #TaxAdvisory

A recent court ruling has reinstated Beneficial Ownership Information reporting requirements under the #CorporateTransparencyAct, meaning CPAs must help clients comply by March 21, 2025, to avoid potential penalties. ?? What CPAs should know: ? Which individuals meet the definition of a beneficial owner ? How indirect ownership rules could impact reporting ? The penalties businesses face for non-compliance Stay ahead of regulatory updates and guide your clients through compliance. Read the full #GlobalBusiness blog by Fangrui Chen at the link below. #CTACompliance #BOIReporting #TaxRegulations

Helping clients expand into global markets? ?? Multinational corporations face a maze of tax considerations. Our team can help CPAs navigate #outboundinvestment strategies, ensuring your clients are prepared for the tax implications of international operations. Key factors include tax rules, foreign tax credits, entity structure, and more. Stay ahead of the curve—read the full insights on our website at the link below. #TaxStrategy #GlobalExpansion #MultinationalCorporations #TaxPlanning

Government contractors conducting research and development face unique challenges when claiming the R&D Tax Credit. ???? IP ownership, financial risk, and contract structure all impact eligibility. Understanding these nuances is key to maximizing tax benefits. Read our latest blog by Garrett Duffy at the link below to learn how government contractors can navigate these complexities. #RDTaxCredit #GovernmentContracting #TaxIncentives

As filing season for tax year 2024 begins, CPAs must be ready to navigate the complexities of #Section174, particularly for software and technology companies. With software development now classified as research, amortization is required, but the R&D Tax Credit can help offset some of the financial impact. Read our latest blog by David Seibel, EA, to learn how to maximize #taxincentives and ensure compliance at the link below. #RDTaxCredits #TaxStrategy

The Trump Administration’s withdrawal from the OECD’s Global Minimum Tax commitments adds another layer of complexity for CPAs advising multinational clients. As #internationaltax policies continue to evolve, understanding the implications is critical. Read our latest #GlobalBusiness blog by Josh Riker for insights on what this means for your clients and the broader tax landscape. Link below! #GlobalTaxPolicy #PillarTwo #TaxUpdates

Great to see Evolve Transporters making a $39M investment in Noblesville, Indiana! ?? This relocation will bring 210 new jobs and solidify Noblesville as a key player in the motorsports industry. We’re proud of our Location Advisory team, especially Reid Pittard, MBA and Taoran Yin for their role in this project. We're excited to see Evolve thrive in its new home! ?? Read the full announcement at the link below. #EconomicDevelopment #SiteSelection #Incentives