Artificial intelligence (AI) is now embedded across nearly every sector of the economy. Companies are using AI in drug discovery, streaming platforms, fraud detection, claims processing, vehicle systems, robotics, and due diligence. For purposes of…

What buyers and sellers often overlook and how to manage it.Negotiated incentive agreements such as tax credits, grants, abatements, and workforce incentives can play a meaningful role in the overall value of a transaction. In many cases, these…

The Problem Founders Don't Know They HaveWhen I meet startup founders and mention I work in tax, their eyes glaze over. Taxes aren't on their radar. Instead, they're focused on product development, customer acquisition, and making their funding last…

Get an inside look at how Texas 312, 380, and 381 Agreements can be leveraged to support business expansion and community growth. This webinar breaks down the legal foundations, step-by-step processes, and real-world examples that show how these…

Texas offers various economic development incentives designed to attract and retain businesses within its borders. Among these incentives, Texas 380/381 Agreements and Chapter 312 Agreements stand out for their versatility and potential financial…

In April 2024, Washington, DC launched the Global Soft Landing Program, which was developed through a strategic partnership between the Washington DC Economic Partnership (WDCEP), the Office of the Deputy Mayor for Planning and Economic Development…

The Internal Revenue Service (IRS) has granted significant tax relief for victims of Hurricane Helene, specifically targeting residents and businesses located in FEMA-declared disaster areas within Alabama, Florida, Georgia, North Carolina, South…

The state of California recently announced the renewal of its California Competes Tax Credit Program (CCTC) for the 2025–2026 fiscal year. The next application period opens on January 6 and runs through January 27. There is a total allocation of $…

On November 25, 2024, the IRS announced an extension to the research credit claim transition period, providing taxpayers with an additional timeframe to perfect their research credit claims for refunds.[1] This extension allows taxpayers 45 days to…

In today's competitive job market, offering comprehensive benefits to employees is more important than ever. One benefit that can make a significant difference is providing childcare services. Not only does this support your employees, but it can…

The Colorado Enterprise Zone program is a state initiative designed to stimulate economic growth and development in distressed areas. The program offers a range of tax credits to businesses that meet certain criteria and undertake specific…

The Federal Work Opportunity Tax Credit (WOTC) is a valuable tax incentive program designed to encourage employers to hire individuals from specific targeted groups who typically face barriers to employment. While the primary benefit of this program…

The Major Eligible Employer Grant Program (MEE) is a strategic initiative designed to stimulate significant investment and job creation in Virginia. This discretionary program targets basic major employers considering a substantial expansion of…

Private equity (PE) firms are constantly on the lookout for strategies to maximize returns on their investments. One often overlooked, yet highly effect tool, is the Work Opportunity Tax Credit (WOTC). This federal tax credit is designed to…

The Texas Natural Gas Vehicle Grant Program (TNGVGP) is a significant initiative by the Texas Commission on Environmental Quality (TCEQ) aimed at reducing emissions and promoting cleaner transportation within the state. This program provides…

The Internal Revenue Service (IRS) has announced the reopening of the Employee Retention Credit (ERC) Voluntary Disclosure Program (VDP), which will run through November 22, 2024. This program offers businesses the opportunity to correct improper…

In a significant move to safeguard taxpayers and small businesses, the Internal Revenue Service (IRS) has unveiled plans to deny tens of thousands of improper high-risk Employee Retention Credit (ERC) claims. Concurrently, the agency will initiate a…

The IRS recently announced a significant update simplifying the process for submitting research credit refund claims under section 41. This change, effective immediately, reduces the burden on taxpayers by removing two specific information…

The Excelsior Jobs Program is a strategic initiative by the state of New York to stimulate economic growth and job creation. The program offers a range of fully refundable tax credits to businesses that meet specific job and investment thresholds.…

Overview Virginia has long-standing research and development (R&D) tax credits in place aimed at incentivizing innovation within the state. The credits are provided to businesses and individuals engaged in qualified research activities in the…