INSIGHTS

Thoughtful
thoughts from
the thinkers at
Larson Gross.

R&E Expense Amortization Got You Down?

Now that Research & Experimentation expenses must be amortized over several years, many companies are looking for ways to increase deductions and reduce taxable income. Here are three opportunities to potentially accelerate depreciation and reduce your tax liability.

Q1 Questions for HR Departments

While most companies expense the cost of research and development activities, most fail to take advantage of the R&D tax credit. Learn how the tax credit works and what expenses qualify for it.

Updated guidance on the Clean Vehicle Tax Credit program

Since the Inflation Reduction Act of 2022 was signed into law, there has been confusion surrounding some of the new requirements for the Clean Vehicle Credit. This article will provide an overview of the Clean Vehicle Tax Credit program, including recent guidance from the IRS to help clear up confusion.

2023 Benefit Plan Limits and Thresholds

If you are an employer or benefits administrator, it is important to stay up-to-date on the latest benefit plan limits and thresholds to ensure that your plans are in compliance with the law and that you are providing the best possible benefits to your employees. In this article, we will provide an overview of the benefit plan limits and thresholds for 2023.

Protecting Your Finances During an Economic Downturn

Many economists are predicting that the US economy will experience a downturn, if not a recession, in 2023. A downturn can lead to job loss, reduced income, and financial insecurity. While it's impossible to predict the future with certainty, there are steps you can take to protect your finances during a downturn.

Key Provisions of the SECURE 2.0 Act for Individuals

The SECURE 2.0 Act of 2022 aims to improve retirement savings by making it easier for employers to offer retirement plans to employees and for individuals to increase their retirement savings. Learn about select provisions of the Act that affect individuals.

Incentivize Employees With Stock Appreciation Rights Instead of Equity

Many business owners want to incentivize and reward employees by tying their compensation to the company's performance. One way to do this is through stock options, but using stock appreciation rights might be a better solution.

Larson Gross Announces New Partners

   INSIGHTS  Larson Gross Announces New Partners FOR IMMEDIATE RELEASE   Contact:Jaemi ...

NW WA Disaster Grants for Small Business Impacted by 2021 Flooding Now Available

   INSIGHTS NW WA Disaster Grants for Small Business Impacted by 2021 Flooding Now Available Businesses in ...

Tips for Ensuring Your Company Protects Your Personal Information

   INSIGHTSTips for Ensuring Your CompanyProtects Your Personal Informationby Colleen Malmassari, SHRM-CP, PHRHow ...

FASB Proposes Changes to Lease Accounting Rules

The Financial Accounting Standards Board recently issued a proposed Accounting Standards Update for Leases (Topic 842). The update addresses related-party arrangements between entities under common control. This video provides an overview of the proposed changes.

When To Outsource Your Accounting

Thanks to the cloud and automation, outsourcing has never been a more viable option than it is today. Quite often, outsourcing can be more efficient and less expensive than hiring dedicated staff. In this video, we'll cover the benefits of outsourcing your accounting.

Five Steps to Recognizing Revenue in Financials

The FASB and IASB have provided standards for properly recognizing revenue in your financials. Using a five step process, companies recognize revenue based on the value and timing of when control of the goods and services are transferred to the customer. Learn about the standards and how to properly recognize revenue for your company.

Avoid quiet quitting by keeping employees engaged

Many employers struggle to keep their workers engaged and suffer from quiet quitting. Learn about strategies to keep your employees engaged and working toward a common goal.

Fourth Quarter Questions for HR Departments

While most companies expense the cost of research and development activities, most fail to take advantage of the R&D tax credit. Learn how the tax credit works and what expenses qualify for it.

IRS issues inflation adjustments to tax rates and limitations for 2023

The Internal Revenue Service announced that it will be making adjustments for inflation to several key tax provisions for 2023. Learn about the adjustments and how they may affect your taxes next year.
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