The Cyber Incident Reporting for Critical Infrastructure Act of 2022 (CIRCIA) requires critical infrastructure organizations to report cyber incidents to the Cybersecurity and Infrastructure Security Agency (CISA) and aims to improve collaboration between public and private sectors to address cybersecurity threats. This article provides an overview of CIRCIA, the Ransomware Vulnerability Warning Pilot, and measures businesses can take to protect against cyberattacks.
Looking to invest in energy-saving measures? Find out how the Inflation Reduction Act of 2022 has increased tax credits for energy-efficient home improvements and residential clean energy property. This article explains eligibility criteria and credit limitations to help taxpayers make informed decisions.
The tax treatment of business interest expense is governed by Section 163(j) which places limits on the amount of interest businesses can deduct on their tax returns based on their income and other factors. Unfortunately, the calculation for determining a company’s limit has changed starting with the tax year 2022 and stands to impact many large businesses negatively.