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U.S. Treasury Department Update: EV Tax Credits
Yesterday, members of ARB’s Dealer Services team attended a clean vehicle tax credit briefing hosted by the U.S. Treasury Department to discuss the technical aspects of dealer registration and the EV tax credit portal in preparation of its opening.
New 401(k) Contribution Limits go into Effect for 2023
The steady increase in the cost of living and inflation across the U.S. has impacted virtually every aspect of the economy. Luckily, your 401(k) may
The Most Common IRS Penalties and How to Avoid Them
Businesses spend a vast amount of time and resources planning and designing ways to save on their tax bills. Yet, they often overlook one of
Five Ways AI Will Likely Impact the Construction Industry
Artificial intelligence has already begun to change an industry notorious for being slow to accept change. Over the next decade the construction industry is likely
Making Sense of Nonemployee Compensation Reporting: What you should know going into the 2023 tax year
In addition to their full-time employees, many businesses seek the services of independent contractors to supplement their workforce. While outsourcing skills and services is a
2023 Tax Avoidance Schemes Targeting Closely Held Businesses
The IRS has to update its Dirty Dozen list each year because tax scams are always changing. There are always bad actors eager to take
How the Credit Card Swipe Fee Settlement Will Set Retailers Free
On March 26, credit card giants Visa and Mastercard reached a monumental $30 billion settlement with retailers. The settlement ends a longstanding legal battle over
Don’t Let Prevailing Wage Requirements Get You Down: A Proactive Approach to Energy Efficiency Incentives
Section 45L and Section 179D of the Internal Revenue Code—the Inflation Reduction Act (IRA) has brought significant changes to both incentives. Possibly the most cumbersome
ARB 2024 Tax Day Takeaways
Another April 15 has come and gone. Every Busy Season has its own unique challenges and opportunities. This year, we were reminded that Mother Nature
IRS Extends Tax Relief to Maine Taxpayers Affected by Severe Storms and Flooding (UPDATED April 9, 2024)
In response to severe storms and flooding in Maine, the IRS and Maine Department of Revenue Services has announced significant tax relief measures for individuals
Surety Bonds in the Private Equity-Backed Construction Industry
Private equity firms have historically avoided investments in the construction industry, likely due to its reputation as a seasonal, market-specific enterprise with little cash flow