Originally enacted in the Energy Policy Act of 2005 and recently made permanent as part of the Consolidated Appropriations Act of 2021, 179D provides a tax deduction of up to $1.80 per square foot (indexed  for inflation beginning in 2021) for new construction, retrofits or expansions of commercial buildings that install lighting, building envelope or HVAC systems that reduce the buildings total energy and power costs by 50% or more in comparison to certain standards.

The Biden Administration and Senate Democrats recently released more details on proposed tax law changes. Not surprisingly, they involve tax increases.

The Consolidated Appropriations Act, 2021 (“CAA”) increased the business expense deduction for food or beverages provided by a “restaurant” from 50 percent to 100 percent through 2022.

What Forward-Thinking Steps Should Companies be Taking Now to See Greater Working Capital Returns in the Future?  

The Consolidated Appropriations Act 2021 (“CAA”) increased the deduction for the cost of food and beverages provided by a restaurant from 50% to 100%. The IRS recently issued Notice 2021-25 to provide guidance on when the 100% deduction applies.

Despite its intrinsic resilience, effects of COVID-19 have significantly impacted Healthcare Providers operations and their profitability, or even introduced a significant element of financial distress. With all due nuances across the Industry and its sub-sectors, a substantial number of players proved “unprepared” to face these unprecedented challenges, actually highlighting how the Industry lags behind in terms of ‘short term’ financial intelligence.

Now that the 2020/21 tax year has ended, employers should be thinking about the various compliance deadlines coming up in the next few months around employee benefits, expenses and share schemes. We are seeing HMRC step up their activity in this area, and so it is essential that employers have robust processes and controls in place to remain compliant. This article sets out some of the key employment tax deadlines coming up, as well as other important reminders for employers.

Cloud migration strategies are becoming an increasingly important strategic investment for CIOs. As spending on this service grows exponentially, learn how you can stay ahead of the competition with certain adoption strategies and lessons learned.

While the first three months of this year have been filled with many twists and turns, yesterday was remarkable even by 2021 standards. Because yesterday’s events have required us to revise our thinking regarding how Democrats’ major legislative priorities may be processed the rest of the year, we want to provide you with our latest insights.

A&M will be engaging with companies that have a U.K. presence to gather responses to the consultation.

Over the past 48 hours, the White House and senior members of Congress have released high-level policy proposals spanning numerous areas of the Internal Revenue Code. While many of the White House’s proposals mirror commitments or proposals the President made while on the campaign trail, the totality of the changes makes it clear that we are in store for many twists and turns before year’s end and that anticipating what changes to the Code will be made ain’t a merry-go-round.

Managing Directors Sergio Moro and Richard Fogarty recently participated in an event hosted by the Cyrus R. Vance Center of International Justice where they discussed trends in anti-corruption efforts in Latin America and the role the private sector plays in fostering reform and attracting economic growth.