The investment tax credit permits businesses to deduct a specified percentage of certain investment costs from their tax liability, becoming a powerful tool that subsidizes business investment, thereby promoting the market.
The most common form of wealth stems from active income, money earned from performing a service. This is capital made from but is not exclusive to jobs providing salaries, tips, or commission. But many times, the public hears of enigmatic stories about immense financial growth through various means of passive income.
These are exciting times in the tax credit world! In addition to tax cuts, the 2017 Tax Reform brought about other significant changes, including “Opportunity Zones”, which are a new concept that can potentially link tax credit projects and capital gain deferrals in a single deal.
It is with great pleasure to announce that Warren Kirshenbaum, Founder and President of Cherrytree Group, is one of the nominees for the 31st annual Ernst and Young’s Entrepreneur of the Year Award, as part of the New England Region’s nominating process.
We are proud to announce that the Cherrytree Group has customized a secure client portal to allow us to personalize our client’s user experience.