Reading Time: 3 minutes Research and Development (R&D) Tax Credit studies can offer incredible tax benefits to innovative companies that qualify. To appropriately quantify and support a taxpayer’s R&D credit, it is important to go through the right process....
Reading Time: 3 minutes Cost segregation studies can offer real estate purchasers incredible tax benefits from accelerated depreciation. For purchasers of new or existing buildings, this can be a great tax tool to improve cash flow for other projects or investments....
Reading Time: 3 minutes As a CPA or tax/financial professional, you are a trusted advisor and partner for each client you serve. As a trusted partner, you are expected to possess crucial skills that can make or break a business’s ability to succeed. Companies of all...
Reading Time: 3 minutes The Research & Development (R&D) Tax Credit represents an opportunity for many businesses to open the door to additional tax savings. Unfortunately, businesses have developed misconceptions about the credit including qualification,...
Reading Time: 3 minutes Following the monumental 2018 U.S. Supreme Court ruling in South Dakota v. Wayfair Inc. which made it constitutional for states to tax sales made by vendors that have no in-state physical presence, Texas has rolled out new economic nexus...
Reading Time: 2 minutes On August 16, 2018, the Court of Appeals for the Eighth Circuit reversed a Tax Court decision regarding the transfer pricing court case of Medtronic, Inc. & Consolidated Subsidiaries v. Commissioner, No. 17-1866. The transfer pricing case...
Reading Time: 4 minutes Over the years, businesses have become accustomed to the benefits of deducting business-related meal and entertainment expenses. However, the Tax Cuts and Jobs Act of 2017 has changed the deductibility of certain meal and entertainment...
Reading Time: 5 minutes The year 2017 has been a headliner of a year for natural disasters. Americans have fallen victim to multiple hurricanes, floods, epic brush fires and earthquakes, all of which have caused extensive property damage. In response, the Internal...
Reading Time: 2 minutes Louisiana Governor John Bel Edwards signed legislation on June 28, 2016, to adopt changes to the Louisiana corporate income tax apportionment formulas for certain businesses and to provide rules for the sourcing of income relating to certain...
Reading Time: 3 minutes The IRS has recently issued relief for companies that failed to fully and completely make affirmative elections in order to deduct very large portions of success-based fees that were incurred during acquisitive transactions. There are several...
