Latest News

May 24, 2022

Choosing a tax consulting firm as a trusted advisor is an incredibly important decision for both businesses needing such services as well as accounting firms who refer them to their clients. Recently, a national tax consulting firm was raided by the IRS Criminal Investigation agents specializing in tax violations and financial crimes. It is unfortunate to see that the IRS felt the need to take such drastic actions within our industry....

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May 04, 2022

The new smaller version of the proposed Build Back Better legislation includes details that will extend and limit the 45L tax credit to Energy Star and Zero Energy Ready homes. The U.S. House Select Committee on the Climate Crisis met on April 7th and heard testimony from the American Public Gas Association, the Alliance to Save Energy, and the...

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Apr 04, 2022

ICS was easy to work with and we were able to secure more allocation letters than ever before. Most importantly, we were able to file our taxes on time and didn’t have to file for an extension. We highly recommend ICS and look forward to working with them for years to come....

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Feb 03, 2022

We needed to stay open because people live here, which was challenging especially since we had to close our doors to visitors, family and friends. ICS did a fabulous job helping us claim these tax credits. Thank you...

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Feb 03, 2022

Our latest ERC experience includes an assisted living community that was mandating to stop showing its facilities to potential residents and otherwise lost revenues due to COVID-19-related issues. ICS analyzed their eligible wages and calculated their ERC claim for the 2020 calendar year. The total eligible wages were $519,635, which qualified for a total credit of $259,567 for the year 2020....

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Jan 28, 2022

An accounting method refers to the set of rules used to report income and expenses for taxation purposes. Alex Bagne recently held a webinar on accounting methods and we are providing answers to your accounting methods questions...

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