2023 Tax Updates: What's New On The Business Front As Year-End Looms
The year 2023 didn’t shake the table much for individual taxpayers, but it brought some noteworthy adjustments for the business sphere.
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The year 2023 didn’t shake the table much for individual taxpayers, but it brought some noteworthy adjustments for the business sphere.
Advertisement Hitching a Ride on the Omnibus: COVID Relief and Appropriations Act Includes Major Climate Change and Energy Provisions Wednesday, December 30, 2020 On December 27, 2020, President Trump signed H.R. 133, the “Consolidated Appropriations Act, 2021,” an agglomeration of dozens of individual pieces of legislation which together total nearly 6,000 pages. While general press coverage has mostly focused on the controversy concerning the size of relief checks that will be sent to most taxpayers, and on appropriations to prevent a federal government shutdown, the Act conta...
To embed, copy and paste the code into your website or blog: As Congress was completing final negotiations of the stimulus package dealing with the public health and economic impacts of the coronavirus pandemic, several key energy provisions made their way into the 5593-page omnibus spending bill passed by the House and Senate on December 21, 2020, particularly much needed extensions of several renewable energy and energy efficiency tax incentives. Specifically, the Consolidated Appropriations Act, 2021 (the “Act”)[1] addresses, among other things, the concerns of renewable energy devel...