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Complex Media Tax Court case

Complex Media Tax Court case

The Complex Media Tax Court case and its applicability to section 351 transactions and the step-transaction doctrine.
At a glance: NetSuite vs. QuickBooks

At a glance: NetSuite vs. QuickBooks

Read more on the difference between NetSuite and QuickBooks. Many small to medium-sized businesses utilize QuickBooks.
Finalized section 301 regulations

Finalized section 301 regulations

The IRS has issued final regulations under section 301 which become effective Sept. 22, 2021, to reflect current law.
House proposed changes – What should wealthy individuals consider?

House proposed changes – What should wealthy individuals consider?

What are the proposed tax changes affecting individual taxpayers and what should you consider today to limit your exposure to these changes?
IRS targets syndicated conservation easements

IRS targets syndicated conservation easements

IRS issued Notice 2017-10, designating syndicated conservation easements as a listed transaction requiring disclosure.
Opportunity zone investors should consider state and local tax credits

Opportunity zone investors should consider state and local tax credits

Companies may be able to realize additional tax savings through state tax credits and other incentive programs.
Owner Readiness for Business Succession

Owner Readiness for Business Succession

Owner readiness is crucial to successful business succession, but many struggle with this first step. Read more on planning goals.
Net operating losses: One size does not fit all

Net operating losses: One size does not fit all

Proper diligence when it comes to the state application of net operating losses can help maximize tax benefits and minimize errors.
Interplay between Sec. 174 and Sec. 41 for software development

Interplay between Sec. 174 and Sec. 41 for software development

When accounting for software development costs, various tax accounting methods interact uniquely with the R&D tax credit.
Equity compensation as a succession planning device

Equity compensation as a succession planning device

Equity compensation plans may alleviate concerns that closely held business owners have during transition planning.
Puerto Rico issues guidance for transfer pricing compliance

Puerto Rico issues guidance for transfer pricing compliance

The Puerto Rico Treasury issued guidance establishing new rules that would require a transfer pricing study to deduct cross-border expenses.
Being deemed essential doesn’t preclude ERTC eligibility

Being deemed essential doesn’t preclude ERTC eligibility

Construction firms forced to reduce or cancel operations by jurisdictional order may meet employee retention credit eligibility requirements.
Proposal: Fair value measurement of certain equity securities

Proposal: Fair value measurement of certain equity securities

A recent FASB proposal addresses the fair value measurement of equity securities subject to contractual sale restrictions.
Nexus, apportionment and tax base: A state tax compliance trifecta

Nexus, apportionment and tax base: A state tax compliance trifecta

The federal tax code is complex, but tax professionals may find managing 51 state-level taxing jurisdictions, a much more difficult task.
Why go looking for trouble?  Benefits of a proactive sales tax review

Why go looking for trouble? Benefits of a proactive sales tax review

Many business situations call for a thorough sales tax review to assess and resolve past overpayments and underpayments of sales and use tax