Tax Tips

Maximizing Tax Credits and Incentives for U.S. Manufacturers

Articles, Derrick Rebello, Featured Events, Manufacturing & Distribution, News, News & Events, Tax Strategy & Compliance, Tax Tips / By

By Derrick Rebello, CPAGray, Gray & Gray, LLP Table of Contents In recent years, manufacturers have faced significant tax challenges, including mandatory R&D capitalization that increased taxable income, reduced equipment write-offs due to bonus depreciation phase-downs, and evolving state incentives. As a result, many missed out on valuable tax benefits. This landscape has now changed […]

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CRE Business Interest Deduction Under OBBBA

Kelly Berardi, Real Estate, Richard Hirschen, Tax Strategy & Compliance, Tax Tips / By

By Kelly Berardi & Richard HirschenGray, Gray & Gray, LLP Table of Contents The One Big Beautiful Bill Act (OBBBA) has brought about a fundamental shift that directly impacts the bottom line for highly leveraged commercial real estate portfolios. Specifically, the permanent restoration of the EBITDA-based calculation for business interest deductions under Section 163(j) is

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1031 Exchange Trends: Adapting to Market Volatility and High Interest Rates

Kelly Berardi, Real Estate, Richard Hirschen, Tax Strategy & Compliance, Tax Tips / By

By Kelly Berardi & Richard HirschenGray, Gray & Gray, LLP Table of Contents The commercial real estate landscape has changed significantly over the past several years, and the strategies surrounding Section 1031 exchanges have evolved accordingly. As accountants and advisors who work with real estate investors and developers, we’ve observed fundamental shifts in how clients

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Strategic Tax Planning for Manufacturing and Distribution Under OBBBA

Articles, Derrick Rebello, Featured Events, Manufacturing & Distribution, News, News & Events, Tax Strategy & Compliance, Tax Tips / By

By Derrick Rebello, CPAGray, Gray & Gray, LLP The signing of the One Big Beautiful Bill Act on July 4, 2025 represents a watershed moment for financial leaders in the manufacturing and distribution sectors. This sweeping tax legislation fundamentally reshapes the strategic tax planning landscape, creating both substantial opportunities and new complexities that demand immediate

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Should You Pay the New $100,000 H-1B Fee?

Articles, Featured Events, Life Sciences, News, News & Events, Tax Tips, Tom Yuen / By

By Tom Yuen, CPA, MST Gray, Gray & Gray, LLP Executive Summary The Trump Administration’s new $100,000 H-1B visa application fee, which went into effect on September 21, 2025, has fundamentally altered the economics of hiring high-skilled foreign workers. This one-time fee applies only to new H-1B petitions for workers from outside the U.S. and

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The Impact of the One Big Beautiful Bill Act on Section 174

Articles, Featured Events, News, News & Events, State & Local Tax Services, Tax Strategy & Compliance, Tax Tips / By

The recently enacted One Big Beautiful Bill Act (OBBBA) brings significant changes to the U.S. tax code, particularly affecting Section 174, which governs the tax treatment of research and experimental (R&E) expenses. For business owners and tax managers, understanding these changes is crucial for effective financial planning, compliance, and informed strategic decision-making. Here are the

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What’s in the One Big Beautiful Bill Act for Individual Taxpayers?

Articles, Featured Events, News, News & Events, State & Local Tax Services, Tax Strategy & Compliance, Tax Tips / By

The One Big Beautiful Bill Act (OBBBA), signed into law by President Trump on July 4, 2025, represents the most significant tax legislation since the 2017 Tax Cuts and Jobs Act. This comprehensive reform package permanently extends and expands numerous tax provisions while introducing new benefits specifically targeting individual taxpayers, high net worth individuals, business

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What’s in the One Big Beautiful Bill Act for Privately Held Businesses?

Articles, Featured Events, News, News & Events, State & Local Tax Services, Tax Strategy & Compliance, Tax Tips / By

The One Big Beautiful Bill Act (OBBBA), signed into law on July 4, 2025, represents the most significant tax reform since the Tax Cuts and Jobs Act of 2017, delivering substantial benefits for privately held businesses through permanent tax provisions and enhanced depreciation allowances. Pass-Through Business Tax Benefits The Act permanently extends and enhances the

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Tax Considerations For Multi-State Operations

Energy, Energy & Petroleum, Martin Kirshner, Tax Strategy & Compliance, Tax Tips / By

Expanding your footprint adds layers of complexities to tax compliance By Martin D. Kirshner, CPA, MSAGray, Gray & Gray, LLP Table of Contents For heating oil and propane distribution companies operating across multiple states, navigating the complex web of tax obligations requires careful planning and meticulous record-keeping. The expansion into neighboring states often brings significant

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black piece of paper with "Fuel Tax Credit" text on a table with various office supplies on it

IRS Tightens Oversight on Alternative Fuel Tax Credit

Articles, Energy, Energy & Petroleum, Featured Events, News, News & Events, Tax Strategy & Compliance, Tax Tips / By

The Alternative Fuel Tax Credit serves as an important federal tax benefit in the United States, reducing the tax burden for businesses and individuals who use fuel for specific qualifying activities. These activities include off-highway business operations, agricultural work and aviation purposes. To strengthen oversight of this program, the Internal Revenue Service has implemented new

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