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Specialty Tax Services (R&D)

The IRS recently provided further guidance for non-certified Professional Employer Organization (PEO) claims.  Find out more details on PEOs and tax benefits

Floyd Holliman Featured in Southern Automotive Alliance Magazine

Firm Member, Floyd Holliman, was recently featured in the Spring Edition of the Southern Automotive Alliance Magazine, discussing the R&D Tax Credit and it’s importance to the Automotive Industry. You can read the full article below. Fore more information on the magazine, please visit

The R&D Tax Credit is […]

The R&D Tax Credit – A Mighty Force for the Automotive Industry

The R&D Tax Credit is intended to help manufacturer’s thrive in a competitive economy. However, many manufacturers miss out on the benefits and advantages of the R&D Tax Credit. If you are a manufacturing business that works to improve an automotive product or process, you don’t want to miss […]

New Regulations Finalized for Research Credit Related to Internal Use Software

On October 4th, 2016, final regulations were released relating to the research credit for computer software that is developed by or for the taxpayer, for the taxpayer’s internal use, known as “internal use software.”  The final regulations by and large adopt the proposed regulations issued in 2015.  Many companies […]

IRS Issues Proposed Special Valuation Rules

After years of threatening to crack down on perceived gift and estate tax “loop holes”, the IRS has finally issued its long awaited proposed regulations under Sec. 2704 of the Internal Revenue Code (the so-called “Special Valuation Rules”). First and foremost, the proposed regulations are intended to put an […]

Alabama Tax Amnesty Program Available

The Alabama Department of Revenue is offering tax amnesty for taxpayers that apply between June 30 and August 30, 2016. Eligible taxpayers can voluntarily come forward during this period and apply for tax amnesty for various delinquent taxes including sales tax, as well as corporate and individual income tax. […]

Added Benefits of Recent Legislation on the RTC

The recent permanent renewal of the Research Tax Credit (RTC) has expanded opportunities for companies to generate cash. All companies, whether large or small, new or mature, should consider claiming the RTC to lower their tax liability and effective tax rate and increase their cash flow and earnings. A […]

Private Equity and R&D Tax Credits

If any of your companies has tried or is trying to develop a new or improved product, manufacturing process or software, it’s likely to be eligible to claim R&D tax credits, whether or not the attempt was successful. Equal to up to 15 percent of qualified spending, these dollar-for-dollar […]

R&D Credit Improvements

The Research Credit is a tax credit for qualified research and development activities. After extending this credit for 20 years, the Protecting Americans from Tax Hikes (PATH) Act of 2015 finally made the Research Credit permanent. There were several other improvements to the R&D Credit in addition to its […]

IRS Releases Remodel Safe Harbor for Restaurants and Retailers

The Internal Revenue Service (IRS) recently issued Revenue Procedure 2015-56, which provides certain retailers and restaurants a safe harbor method of accounting for remodel or refresh expenditures on qualified buildings. The safe harbor helps eliminate confusion around which costs may be deducted immediately and which must be capitalized and […]