Tax Minimization Articles

Allen Gregory on Value-Based Pricing for The Boomer Briefing

On this episode of the Boomer Briefing Podcast, Allen Gregory, Partner, Federal Tax at TaxOps, talks about billing time versus delivering value to clients. They dive into how removing hourly rates can add value to client relationships and improve your accounting...

Eligible for Lucrative R&D Credits?

Any company that develops new or improved products, processes, or software—in some cases, whether profitable or not—may qualify for these lucrative credits. Wondering if you are eligible to take advantage of lucrative research credits that could cut your federal and...

IRS New Rules for Amortizable Research Expenses and Automatic Accounting Changes

A new IRS Notice and Rev. Proc. allows taxpayers to correct errors made in 2022 in the 2023 tax year, avoiding messy amending issues. By Jamie Overberg The U.S. Treasury Department and IRS have jointly updated method change procedures (Rev. Proc. 2023-24) to enable...

Break Down of Key Changes in Proposed Form 6765

The IRS is proposing a new Form 6765 for the tax year 2024 that includes the addition of two new sections as well as a requirement that taxpayers submit their original R&D calculation with  Qualified Research Expenses (QREs) broken down by project or business...