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With all the benefits of the R&D Tax Credit, some are looking for clarification on the best the procedures for acquiring the credit and applying it.

The average for a 30-year, fixed loan was 6.09%, down from 6.13% last week, Freddie Mac said Thursday.

A taxpayer may qualify for “ten-year averaging” when they receive a lump-sum distribution (LSD) from a qualified plan.

There’s good news on the inflation front: December 2022 marked the sixth straight month that the U.S. rate of inflation has decreased.

The U.S. economy expanded at a healthy pace in the fourth quarter, though signs of slowing underlying demand mounted as the steepest interest-rate hikes in decades threaten growth this year.

Private sector employment increased by 106,000 jobs in January and annual pay was up 7.3 percent year-over-year, according to the January ADP National Employment Report.

Somerset has been providing accounting, tax, and financial advisory services to clients in a wide array of industries for more than 60 years.

83% of chief tax officers are planning to use outsourcing, cosourcing, or managed service alliances this year.