May 22, 2019
Engineering News-Record quoted Tax Partner Barry Fischman and Principal Michael D'Addio in an article about the use of tax credits to reduce corporate tax liability to zero.
By Scott Van Voorhis
Related: View Tax & Business Services
Excerpt:
Like other companies, AECOM was able to bring forward $58 million after the 2017 legislative changes unlocked the value of past R&D credits the company had stored up, said Barry Fischman, CPA and a partner in the tax and business services unit of accounting firm Marcum LLP. In particular, the legislation allowed companies to much more quickly capture tax write-offs related to the depreciation of assets and equipment, in some cases over the first few years.
Marcum LLP is one of the largest independent public accounting and advisory services firms in the nation, with offices in major business markets throughout the U.S., as well as Grand Cayman, China and Ireland.
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