Key Cryptocurrency Tax Issues

Key Cryptocurrency Tax Issues

Reading Time: 5 minutes As of the date of publication, the global value of cryptocurrency is hovering near $2 trillion, a 700 percent increase from the same time a year ago. The rapid increase is attributed to many factors, not the least of which are corporate and...
Child Tax Credits Paid Up Front for 2021

Child Tax Credits Paid Up Front for 2021

Reading Time: 2 minutes For the 2021 tax year only, the Child Tax Credit rises to $3,600 per child for ages 5 and under and $3,000 for children ages 6-17. Qualifying taxpayers will receive total advance payments equal to half of these credit amounts per the following...
Planning for Expiring Tax Incentives for Businesses

Planning for Expiring Tax Incentives for Businesses

Reading Time: 3 minutes Many tax incentives resulted from the Tax Cuts and Jobs Act (“TCJA”). Now we are faced with the very real possibility that some temporary extenders are set to lapse. Calvetti Ferguson has provided a summary to help identity which ones are...
Income Tax Obligations for Expats

Income Tax Obligations for Expats

Reading Time: 3 minutes As our economy becomes more global, even for smaller companies, it is quite possible that a business owner may find it necessary to send certain employees on long-term assignments to perform work. Sometimes these assignments are permanent or...
How Does the CARES Act Affect R&D Tax Credits?

How Does the CARES Act Affect R&D Tax Credits?

Reading Time: 3 minutes One of the questions we are getting from clients is “If my business has had some recent losses, but we also think we may be eligible for the research and development credit, how does the CARES allow us to maximize the cash tax refunds?” The...