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Four R&D Tax Credit Documentation Methods
If your company relies on the hard sciences or uses technology to create or improve products or processes, you may know that you can reduce federal taxes using the Research & Development (R&D)...
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Give Yourself Some Extra Credit with the R&D Tax Credit for Start-Ups and...
R&D Tax Credit allowed to offset payroll taxes for qualifying small businesses and start-upsIt is estimated that more than 70% of eligible small businesses and start-up companies failed to claim...
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Dual-Status Tax Returns: It is Possible to Have More Than One U.S. Income Tax...
A U.S. taxpayer can be both a nonresident alien and a resident alien during the same tax year. This usually happens when a person, who is not a U.S. citizen, first arrives in the U.S. or in the year...
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Capital Improvement vs Repair: What the New York Construction Industry Needs...
Contactors generally perform two types of transactions for sales tax purposes in New York; (1) performance of a capital improvement to real property, or (2) repair and other maintenance services to...
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What is a Business Impact Analysis and How Can it Improve Your Organization’s...
As organizations across all industries continue to increase their investment in Information Technology (IT), they’re relying more and more on IT to perform day to day operations. IT is vastly...
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3 Reasons That Small Businesses Overlook the R&D Tax Credit
The R&D tax credit can deliver significant tax savings, but many small businesses don’t realize it’s available to them.Yes, there is a tax credit available to all businesses, including small...
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Commerce, Amnesty and Storm Relief in State/Local Tax Update
The latest Freed Maxick State and Local Tax Update contains a number of must-read items from around the country.Illinois economic development: Legislation has reinstated and modified the EDGE credit...
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Don’t Overlook Carryback of General Business Credits
You may still be able to use credits even if they’re greater than your tax liabilityWith businesses and individuals in full swing planning for filing their 2017 taxes, to the extent possible, it’s...
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New IRS Directive Provides Research Credit Audit Protection
Authors: Don Warrant and Sam DiSalvo The federal Research & Development (R&D) Tax Credit can mean tremendous tax savings for companies that fund research and development activities to create...
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7 Ways Companies Get Phished and 6 Defensive Tips
Authored by: Mohan Areti and Danny WalkerAs more organizations harness the power of big data and data analytics, the collection and storage of data puts organizations at great risk of cyber-attacks....
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Shake up in California’s Tax Administration Will Affect All California Taxpayers
Effective July 1, 2017 California’s State Board of Equalization (BOE) was drastically restructured. As a consequence, future compliance, appeals, and the way tax situations are handled in California...
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Tax Reform and Its Impact on You
Nowadays, it seems wherever you go you hear the words “Tax Reform” and it’s only going to be brought up more and more. The U.S House of Representatives (“House”) passed their “Tax Cut and Jobs Act” on...
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Impact of State Income Tax on Foreign Companies
If you are the CEO or CFO of a foreign company considering expansion into the United States, it is critically important that you understand the totality of the tax obligations you face - both at...
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Determining the Correct Taxable Base for Sales Tax (Part 1)
Many business practices can contribute to determining a company’s base for sales tax. For instance, companies will often utilize incentives to sell their product to customers by offering discounts,...
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Determining the Correct Taxable Base for Sales Tax (Part 2)
Aside from the sales incentives, other charges and fees such as transportation costs and returns and allowances and bad debt can be easily overlooked by companies computing the taxable base of a...
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What is the "Sailing Permit" for U.S. Resident and Nonresident Aliens
“The exodus continues. It’s like the party’s over and the last one to leave gets stuck with the check!”Agent Zed, “Men in Black” (a film about aliens)Immigration laws and tax laws frequently go hand in...
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Congress Passes Historic Tax Reform Bill
Author: Lindsey MillerAfter months of debate, acrimony and drama, the US Congress passed the Tax Cuts and Jobs Act, and sent it to President Trump for signature.Starting January 1, 2018, many...
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Historic Tax Reform Bill Will Benefit Many Companies
Author: Lindsey MillerThere’s no secret that the new tax plan approved by Congress and sent to President Trump is very generous to many different types of companies and industries, including those that...
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Does Filing for R&D Tax Credits Raise an Audit Red Flag?
If your company relies on the hard sciences or uses technology to create or improve products or processes, then you may be eligible for the federal Research and Development Tax Credit. Fear of being...
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Fair Lending Compliance Programs and Policies are Under the Regulatory...
What does you Fair Lending compliance program look like and how will the regulators view it?Regardless of size, regulators are turning up the heat on fair lending compliance requirements for financial...
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