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Taxes and Accounting News from Mortgage & Finance News magazine
News: IRS Releases Updated Practice Unit for Auditing the 179D Energy Efficient Commercial Buildings Deduction
Mortgage and Finance News: (EGAN, Minn.) The IRS Large Business and International (LB&I) Division released an updated Practice Unit for its agents to audit the 179D Energy Efficient Commercial Buildings Deduction (179D Deduction), ICS Tax, LLC announced today. It confirms that taxpayers can use the ASHRAE Standard 90.1-2007 rather than newer, more strict standards but also could be an indication that the IRS will have added scrutiny on 179D projects.
News: PitBullTax Software Integrates with Major Tech Companies to Further Dominate The IRS Tax Resolution Industry
Mortgage and Finance News: (CORAL SPRINGS, Fla.) PitBullTax Software, the Nation's Leading IRS Tax Resolution Software for CPAs, EAs and Tax Attorneys has announced the release of Version 7.0. PitBullTax Software has licensees in all 50 states that rely on their software to prepare their clients' IRS resolution cases.
News: Business and Economic Empowerment Leader Dr. Velma Trayham Announced as Keynote Speaker for Takeaway Tax Business Conference in Houston, TX
Mortgage and Finance News: (HOUSTON, Texas) Highlighting the power of entrepreneurship to change the world and end poverty, award-winning B2B/diversity consultant and leader Dr. Velma Trayham (CEO of Thinkzilla Consulting Group) has been announced as the keynote speaker for TakeAway Tax's upcoming Tax Business Conference in Houston on Aug. 4.
News: The Importance of Integrity Within the Tax Consulting Industry
Mortgage and Finance News: (SAVAGE, Minn.) Choosing a tax consulting firm as a trusted advisor is an exceptionally important decision for both businesses needing such services as well as accounting firms who refer them to their clients, says ICS Tax, LLC.
News: KROST Named 2022 Top 100 Firms by Accounting Today
Mortgage and Finance News: (PASADENA, Calif.) KROST was recognized as a Top 100 Firm by Accounting Today. The firm ranked 76th with a 18.08% change in revenue from last year. KROST has now been ranked in this prestigious list two years in a row. With new services on the horizon, KROST continues to develop ways to add value for their clients.
News: KROST Recognized by Los Angeles Business Journal as among Top Accounting Firms for 2022
Mortgage and Finance News: (PASADENA, Calif.) KROST was recognized as one of Los Angeles Business Journals' Top 100 Accounting Firms in Los Angeles County, with 78% growth in revenue between 2020 and 2019, the firm is ranked 22nd on the list. KROST received this recognition during the Los Angeles Business Journal's Disruptor Awards virtual event.
News: KROST CPAs & Consultants Announces Greg Kniss as Chairman of the Board, Jason Melillo as CEO and Keith Hamasaki as...
Mortgage and Finance News: (LOS ANGELES, Calif.) Los Angeles-based CPA Firm, KROST CPAs and Consultants announced that Greg Kniss has been appointed to Chairman of the Board, Jason Melillo promoted as the new CEO, and Keith Hamasaki to Principal of Assurance & Advisory services.
News: KROST Posts Record Year of M&A Advisory in 2021, Expects Trend to Continue in 2022
Mortgage and Finance News: (LOS ANGELES, Calif.) KROST CPAs and Consultants reported a record year of M&A advisory work in 2021 and expects to remain equally busy in 2022. "We were involved in 21 buy-side and sell-side transactions in 2021," said Paren Knadjian, Head of M&A and Capital Markets at KROST.
News: EnergyCAP Names Lalit Agarwal Vice President, Energy Management and Sustainability
Mortgage and Finance News: (STATE COLLEGE, Pa.) EnergyCAP, LLC, the leading provider of energy management and utility bill processing software, today announced that Lalit Agarwal has been named Vice President, Energy Management & Sustainability.
News: IRS Mandates Additional Requirements for R&D Tax Credit Refund Claims
Mortgage and Finance News: (SAVAGE, Minn.) In 2007, the IRS made the Research & Development (R&D) tax credit a Tier 1 issue, says ICS Tax, LLC (ICS). Tier 1 issues were those of high strategic importance that had a significant impact on one or more industries, essentially meaning that the IRS would audit taxpayers filing amended returns on such issues. To taxpayers' relief, the Tiered Issue Process was eliminated in 2012, effectively placing the R&D tax credit in the same audit pool as other issues.
News: Certa Partners with Comply Exchange, Digitizes Third Party Tax Journey
Mortgage and Finance News: (SARATOGA, Calif.) Certa, the leading no-code third party risk management platform today announced its integration with Comply Exchange, a global leader in tax compliance. Certa is the only platform that digitizes, orchestrates, and automates the entire third-party journey across procurement, compliance, IT, legal, finance, and other groups.
News: EnergyCAP Appoints Thomas R. Patterson, Jr. as Chief Executive Officer
Mortgage and Finance News: (BOALSBURG, Pa.) EnergyCAP, LLC (ENC), the leading provider of data and analytics software for energy and utility bill management, today announced that Thomas R. Patterson, Jr. (Tom) has been named as Chief Executive Officer (CEO) of the company. Steve Heinz, who founded the company in 1982, will retire from his role as CEO but will continue in an advisory capacity as a member of the Board of Directors.
News: ICS Welcomes Adam Finesilver CPA to the New Alabama Office
Mortgage and Finance News: (MONTGOMERY, Ala.) ICS Tax, LLC is excited to announce its Southeast regional expansion with a new office in Montgomery, Alabama. ICS welcomes Adam Finesilver, CPA as its Regional Director. Adam brings over 13 years of experience providing tax advisory services to clients in real estate, financial and professional services industries.
News: KROST Acts as Exclusive Financial Advisor for Integrity Bio in Sale to Curia
Mortgage and Finance News: (LOS ANGELES, Calif.) Integrity Bio, Inc., a privately held formulation and fill-finish organization, was sold to Curia (formerly Albany Molecular Research, Inc. (AMRI)), a Contract Development and Manufacturing Organization (CDMO) and leading global provider of advanced contract research, development, and manufacturing solutions. KROST, a Los Angeles-based firm, acted as the exclusive financial advisor to Integrity Bio in the transaction.
News: Fanplayr Receives SOC 2 Type 2 Certification for Data Security Processes from American Institute of CPAs
Mortgage and Finance News: (PALO ALTO, Calif.) Fanplayr, a global leader in online behavioral personalization, artificial intelligence and user privacy, announces it has successfully achieved the Service Organization Control (SOC) 2 Type 2 certification.
News: The IRS Collection is Now Back and Sending Final Intent to Levy Notices – Ace Plus Tax Resolution Suggests Tax...
Mortgage and Finance News: (LOS ANGELES, Calif.) James Cha, a CPA and a Certified Tax Resolution Specialist from Ace Plus Tax Resolution, underlines that the IRS is starting its collection actions by sending Final Intent to Levy notices, and urges taxpayers to act with tax relief strategies.
News: Travis Mlodzik Elected President of the American Society of Cost Segregation Professionals
Mortgage and Finance News: (SAVAGE, Minn.) Travis Mlodzik, Central Practice Leader for ICS Tax, LLC has been elected President of the American Society of Cost Segregation Professionals (ASCSP). Cost Segregation is a tremendously valuable tax planning strategy for real estate investors. The ASCSP provides education, credentialing, and a code of ethics for its members while representing the very best professionals in the cost segregation industry.
News: Say Goodbye to Receipt Headaches! AmTrav and Emburse Automate Travel Expenses
Mortgage and Finance News: (AGOURA HILLS, Calif.) AmTrav, the one connected platform for business travel, and Emburse, a global leader in expense management and accounts payable automation, today announced the next evolution in their partnership with the launch of their automatic receipts integration.
News: HWS Enters into An Exclusive Partnership with Mrs. LTC to Offer Long-Term Care Claim Processing for Household Employers
Mortgage and Finance News: (STERLING, Va.) HomeWork Solutions (HWS), the industry expert in household payroll and employment taxes, has entered into an exclusive partnership agreement with Mrs. LTC, a leading provider of Long-Term Care Claims processing.
News: Report: Over One Quarter of All Mileage Reimbursement Claims Are Overreported
Mortgage and Finance News: (ISSAQUAH, Wash.) According to internal data gathered by TripLog, a leading enterprise mileage and expense tracking solution, over 1/4 (nearly 30%) of all mileage is overreported, which could potentially cost businesses millions of dollars per year in fraudulent reimbursements.
News: Compleat Software Invited to Join the Information Technology Alliance (ITA) as an Alliance Partner
Mortgage and Finance News: (ATLANTA, Ga.) Being recognized for its clear commitment to providing superior technology products and solutions to small and medium-size businesses, Compleat Software has joined the Information Technology Alliance (ITA).
News: Proposed Legislation Would Make the 45L and 179D Energy Efficiency Tax Incentives More Lucrative
Mortgage and Finance News: (BLAINE, Minn.) The 'Growing Renewable Energy and Efficiency Now' (GREEN) Act aims to extend and boost tax incentives for energy efficiency and renewable energy. According to Alex Bagne, the President of ICS Tax, LLC, "If passed, the GREEN Act would make both the 45L Energy Efficient Home Credit (45L Credit) and the 179D Energy Efficient Commercial Building Deduction (179D Deduction) more advantageous while furthering the green missions of these incentives."
News: Los Angeles-Based CPA Firm Receives High Praise from Accounting Today
Mortgage and Finance News: (PASADENA, Calif.) KROST CPAs and Consultants, Los Angeles-based firm, receives two new accolades from Accounting Today, Top 100 Firms and Fastest-Growing Firms in the U.S.
News: Newly-Passed Restaurant Revitalization Fund and Restaurant Tax Relief Strategies by Ace Plus Tax Resolution
Mortgage and Finance News: (LOS ANGELES, Calif.) James Cha, a CPA and a Certified Tax Resolution Specialist from Ace Plus Tax Resolution, underlines the newly enacted restaurant revitalization fund, recent tax challenges the restaurant industry is facing, and tax relief strategies.
News: Commercial Loan Corp – Offering Free ‘Property Tax Savings Estimate & Consultation’ for Beneficiaries Inheriting a Home – Keeping Parent’s...
Mortgage and Finance News: (NEWPORT BEACH, Calif.) Now that limitations and changes to CA Proposition 58 property tax breaks became active Feb 16, 2021 due to Proposition 19 - popular estate & trust lender Commercial Loan Corp in Newport Beach is offering heirs and beneficiaries inheriting a home from parents a Free Consultation & Estimate of Property Tax Savings - to keep their parent's low property tax base.
News: Brew Up Tax Savings with the R&D Tax Credit
Mortgage and Finance News: (BOSTON, Mass.) While the trendy term "Microbrewery" may have been the proper terminology for new craft beer breweries and startups, they no longer remain "micro" in revenue, says ICS Tax, LLC (ICS). Growth in the craft beer industry in the U.S. has steadily grown to almost $30 billion.
News: KBKG Welcomes Two New Directors to Atlanta-Based Operation
Mortgage and Finance News: (ATLANTA, Ga.) Nationwide tax specialty firm KBKG hired two new Directors, Amar Patel and Ian Williams, as part of their Southeast practice. Both Directors join KBKG with over 25 years of combined experience in Cost Segregation and Research & Development Tax Credits, two key services offered by the firm to CPAs and businesses.
News: KBKG Welcomes Three New Principals to Their Cost Segregation and Research & Development Tax Credit Services
Mortgage and Finance News: (PASADENA, Calif.) Nationwide tax specialty firm KBKG promoted Eddie Price to Principal of Cost Segregation Services, as well as Paul McVoy and Jonathan Tucker to Principals of Research & Development Tax Credit Services.
News: Los Angeles Based CPA Firm Announces New Principal, Stacey R. Korman, CPA, MST
Mortgage and Finance News: (PASADENA, Calif.) KROST CPAs and Consultants, the Los Angeles based firm, has announced a new Principal, Stacey R. Korman, CPA, MST. Stacey has extensive experience in assurance & advisory and accounting services and since joining the firm she has led the accounting and audit departments.
News: CA Property Tax Laws Change in 13 Days: To Help Heirs Now Inheriting Property to Preserve Low Property Tax Base...
Mortgage and Finance News: (NEWPORT BEACH, Calif.) With only 13 days left before California Proposition 58 property tax breaks undergo changes and limitations imposed by new tax measure Proposition 19, on Feb. 16, 2021 - popular trust lender Commercial Loan Corporation is offering Heirs of Estates and Trust Beneficiaries, who are inheriting a home from parents, a free benefit analysis.