The local media regularly invite Clayton & McKervey to comment on tax and accounting impacts from tax reform. Margaret Amsden, shareholder and tax department head, was recently interviewed by Crain’s Detroit Business on this topic.
- Tax & Assurance Guidance
Is Immediate R&D Expensing on The Horizon?
For the first time since 1953, taxpayers are not allowed an immediate deduction for R&E expenses and instead must capitalize and amortize such expenses. On March 17, 2023 a stand-alone bipartisan bill was reintroduced which would allow immediate expensing of R&D. Learn what this means for taxpayers.
by Sarah Russell
- March 22, 2023