Unlocking New Growth Opportunities for CPA Firms: Expanding CAS with Energy Modeling-Based Incentives
In today’s evolving financial landscape, CPA firms are increasingly looking to expand their Client Accounting Services (CAS) and Strategic Tax Advisory practices. As competition intensifies, firms must differentiate themselves by offering unique, high-value services that drive real savings and business growth for their clients. The days of CPA firms focusing solely on tax and audit […]
Navigating Energy Tax Incentives: 179D, 45L, and ITC in a Changing Political Landscape
Over the past year, the Inflation Reduction Act (IRA) has fundamentally reshaped the incentives landscape for energy-efficient buildings and clean energy initiatives. At Walker Reid, we’ve helped building owners, architects, developers, and other stakeholders maximize their tax benefits and navigate new legislative updates—particularly surrounding the 179D deduction, 45L credit, and Investment Tax Credit (ITC). With […]
179D Tax Incentive and 45L Credits for Energy Tax Benefits in 2025
The 179D Tax Incentives and 45L Credits Tax Benefits have become powerful tools for promoting energy-efficient construction and sustainable development. In 2025, updates and legislative changes will significantly impact CPAs, architectural and engineering (A/E) firms, real estate developers, and construction and energy service companies. Staying informed on these developments is essential to optimizing benefits and […]
Walker Reid Strategies Launches our New Division for Outsourced Engineering Support
Walker Reid Strategies Launches our New Division for Outsourced Engineering Support In June, we announced the formation of our new division, WRS Engineering, which provides outsourced engineering services to our clients. We have developed this division based on our extensive expertise in leveraging technology, Artificial Intelligence (AI), and automation to help CPAs, specialty tax firms, […]
The Latest Legislative Tax Concepts
The House of Representatives gave the “okay” to legislative tax related to government funding. This legislation aims to lengthen numerous tax breaks on the verge of running out, and also extend some that have already run their course. One manager adjusted a spending bill. According to Hillyer Riches, this individual verified the concept of “tax […]
Tax Benefits for Architects, Engineers and Contractors Under Section 179D
Architects, engineers and contractors may be eligible for a significant tax benefit as a result of a provision in the Bipartisan Budget Act of 2018 which became law earlier this year. The budget act extended the provisions of Section 179D through the end of 2017. This article will provide an overview of the provisions of […]
2018 Tax Credits: Electric Cars and Solar Power Credits
Even though home energy upgrades reduce the electric bill amount monthly, they are not always cheap. If you think about solar, energy efficiency, electric cars, among others, you will notice that you will have to spend a considerable amount of money to see later results in your bills. But, in 2018 there are energy tax […]
The Future of Energy Consumption
According to the U.S. Energy Profile, the country is considered the world’s second-largest energy producer, consumer and net importer like China. Analysing the imports profile, it can be seen that the U.S Crude oil imports reduced between 2005 and 2015 from a peak of 25 Quadrillion BTUs. Furthermore, it was noticed that the country is […]
Does the Recent Government Shutdown Affect 2018 Tax Credits?
The US President Donald Trump claimed that it was the Republicans´responsibility to ensure that the government being active. He even tweeted that “House Democrats want a SHUTDOWN for the holidays in order to distract from the very popular, just passed, Tax Cuts. House Republicans, don’t let this happen. Pass the C.R. TODAY and keep our […]
Filing for Residential Energy Tax Credits: What you Need to Know
When you are qualified to claim the non-business energy property credit or the residential energy- effective property credit, you will have to complete the IRS Form 5695. This is a simple form which is found online with all the detailed information. Non-business Energy Property Credit The non-business energy property credit will allow you to reduce […]
