The Department of Justice recently reported its annual False Claims Act recovery statistics for fiscal year 2022. Check out our infographic recapping the new figures below, and read more insights here: hubs.la/Q01C_ZfK0

#Accounting #PaceOfChange

The 2017 TCJA amended Section 174 to require taxpayers to capitalize and amortize specified R&E expenditures over a period of 5 years for domestic expenses and 15 years for foreign expenses. Learn about the changes taking effect this year: hubs.la/Q01BHplS0

Bennett Thrasher is pleased to announce the release of its Q4 2022 M&A newsletter, which highlights recent news and data related to middle-market M&A transactions in the Southeast.

For our Q4 2022 issue, click here: hubs.la/Q01z7L8Y0

The IRS considers information return penalties an important tool to collect the proper amount of tax revenue. In his latest article, James Pickett, Director of our firm's Tax Controversy practice, discusses these notices and how best to respond to them: hubs.la/Q01xH9xS0

BT is pleased to announce the largest patner class in the firm’s forty two-year history, and ushers in a diverse class of outstanding talent to the firm. Read the full announcement here: hubs.la/Q01xrpvN0. #BetterTogether

Two of our SALT experts, DiAndria Green and Courtney Cole, recently participated in a webinar with Anrok discussing software sales taxability in 2023. Access the full webinar here: hubs.la/Q01v-5Y50

On November 30, the IRS issued Notice 2022-61, providing guidance on the prevailing wage and apprenticeship requirements that apply to Section 179D and Section 45L, as amended by the Inflation Reduction Act of 2022. Learn more: hubs.la/Q01vpMK80

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Our tax experts recently authored an article published to CPA Practice Advisor about the 100 percent bonus depreciation tax advantage for purchasing aircraft coming to an end. Learn more: hubs.la/Q01tvCLv0

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Bennett Thrasher is pleased to announce the release of its Q3 2022 M&A newsletter, which highlights recent news and data related to middle-market M&A transactions in the Southeast.

For our Q3 2022 issue, click here: hubs.la/Q01qjfQp0

Dynamic inflationary pressures impacting today’s markets can cause unwanted transfer pricing outcomes and create meaningful tax risk. Learn why early detection of such unwanted outcomes is key: hubs.la/Q01q3R8W0

Jeff Call, our firm's Managing Partner and member of the Forbes Finance Council, recently provided tax credit tips for entrepreneurs in a Forbes piece. Read the full article here: hubs.la/Q01n_SC90

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The IRS is offering automatic penalty relief for 2019 and 2020 on certain late filing penalties. James Pickett, a Director in our Tax Controversy practice, discusses who is eligible for the new penalty relief in his latest article: hubs.la/Q01n_Rnt0

In August, President Biden signed the Inflation Reduction Act into law, which expanded the R&D Tax Credit. Learn more: hubs.la/Q01nBVyv0

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In late 2021, the FASB released ASU 2021-08, Business Combinations (Topic 805), which clarifies how to properly account for deferred revenue in a business combination. Learn more about how this new accounting standard may impact your business: hubs.la/Q01n0bHv0

Outsourcing accounting processes provides businesses of all sizes with flexible solutions that help them save money and make better financial decisions. Learn more: hubs.la/Q01mrMDS0

The Georgia Conservation Tax Credit has been extended, but restrictions apply. Brian Sengson, Senior Manager in our SALT practice, discusses how approval of the credit works: hubs.la/Q01mrPtF0

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Bennett Thrasher is proud to announce the promotion of Courtney Edwards to Chief Information Officer. Read the full announcement here: hubs.la/Q01mbnKb0

#BetterTogether

While #inflation can negatively impact the value of your company, there are strategies that can be taken to combat its effects. Learn more: hubs.la/Q01lTNrz0

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Bennett Thrasher is proud to announce it has been named a 2022 Best Firm to Work For by Accounting Today, ranking #4 in the large-firm category. Read the full announcement here: hubs.la/Q01lT6Cn0

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Sales tax compliance has only increased in complexity and cost since the Supreme Court’s 2018 Wayfair decision, and many businesses are hoping for solutions that simplify and streamline compliance. Learn more: hubs.la/Q01lpFlY0

#Accounting #PaceOfChange