In the most recent episode of Cherry Bekaert’s Tax Services podcast, we focus on the Virginia pass-through entity tax (PTET) election. Join Cathie Shaw, partner at Cherry Bekaert, and Tony Konkol, State and Local Tax Manager, as they navigate t

How To Take Advantage of Pass-Through Entity Tax in North Carolina

Feb 3rd, 2023 20m 55s

Following other jurisdictions that created a workaround from new requirements in the Tax Cuts and Jobs Act of 2017, North Carolina first enacted their pass-through entity tax (PTET) election through North Carolina Bill 105. These elections beca

How Does the Georgia Pass-Through Entity Tax Election Work?

Jan 5th, 2023 20m 9s

Georgia House Bill 149, that went into effect January 1, 2022, created the opportunity to make pass-through entity tax (“PTET”) elections in the state. PTET elections provide a workaround of the $10,000 limitation for the amount of state and lo

What the New Audit Technique Guidelines Mean for Cost Segregation?

Sep 6th, 2022 31m 19s

On June 1, 2022, the Internal Revenue Service (“IRS”) released the latest edition of the audit technique guideline (“ATG”). The recent round of updates take a look at the complexity around cost segregation studies and provide more guidelines an

Hot Topics in Cost Segregation

Aug 2nd, 2022 22m 23s

Our Tax Credits & Incentives Advisory podcast dives into the current hot topics our knowledgeable leaders have been seeing around cost segregation. This podcast covers the basics of cost segregation with a focus on the updated Audit Technique G

How Best to Document the R&D Credits For Your Technology Investments

Jul 25th, 2022 15m 38s

In this episode of Cherry Bekaert’s Tax Credits & Incentives Advisory Podcast, Martin Karamon welcomes Tax Credits & Incentives Advisory leaders Dan Mennel and Vivian Kohrs to talk about R&D documentation as you make investments in technology o

The Benefits of using a CPA Firm to Perform Credits & Incentives Projects

Apr 18th, 2022 24m 49s

R&D tax credit studies help companies secure cash from credits and incentives in recognition of their innovative products, services and activities. When a R&D study is well prepared, it represents a low-risk endeavor that usually generates a st

Clearing Up Confusion about the Employee Retention Credit

Aug 17th, 2021 17m 21s

Now is the time to take a first, second or third look at the Employee Retention Credit (“ERC”). It’s not too late for employers to qualify for significant tax credits due to partial shutdowns or declines in gross receipts during 2020 and 2021.

How and Why to Apply for PPP Loan Forgiveness Now

Jul 14th, 2021 6m 55s

Don’t miss the opportunity for PPP loan forgiveness! Payment deferral periods are ending for many loan recipients. Find out when you need to apply for forgiveness and learn how the application process works. Cherry Bekaert’s John Carpenter, Man

How A&E Firms Generate Cash Flow from the 179D Energy Tax Deduction

May 25th, 2021 22m 19s

The A&E industry is leading the way in constructing energy efficient commercial building properties. Firms are seeking funds to invest in R&D and grow through profitable mergers and acquisitions. Find out how to cash in on the 179D Energy Tax D

American Rescue Plan Act 2021: Impact on Taxpayers and Key Issues to Understand

Mar 23rd, 2021 32m 9s

Chapters:1:10 - Address the postponed deadline for Form 10406:45 - Walk through key individual tax provisions contained in ARPA14:55 - Continue to business tax provisions contained in ARPA17:40 -Identify changes to the Employee Retention Credit

Employee Retention Credit for Law Firms

Feb 22nd, 2021 10m 31s

COVID-19 Employee Retention Credit (“ERC”) has Applicability to Law FirmsThe Consolidated Appropriations Act, 2021 (“the Act”) expanded and extended the Employee Retention Credit (“ERC”) provisions making this payroll tax refund available to a

Employee Retention Credit: What is It, Who Qualifies and How to Claim It

Jan 28th, 2021 12m 18s

Employers that have been affected by COVID-19 that experienced a significant decline in revenues, or that had to comply with government mandates restricting travel, commerce, operating hours, may qualify for a refundable Employee Retention payr

A Look Into Biden’s 100-day Tax Plan Initiatives

Jan 27th, 2021 23m 42s

Following the presidential inauguration on January 20, 2021, Ron Wainwright, Tax Partner and Sarah McGregor, Tax Director, took to the waves to discuss President Biden’s initial tax plans for the first 100 days and look back at proposals from h

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