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Tax Reform and the Federal R&D Tax Credit for Corporations
Tax Cuts and Jobs Act of 2017 didn’t change the R&D Tax Credit, but the repeal of the corporate Alternative Minimum Tax (AMT) expanded the potential benefit to all corporations that were in AMT....
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Section 199A Explained: IRS Releases Clarifying Guidance
Six clarifications regarding the 20% deduction for passthrough businessesThe new tax law enacted in December of 2017 included many noteworthy provisions. In some cases, the law generated more questions...
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The Wayfair Decision and its Impact on Canadian Companies
Before June 2018, Canadian companies could avoid having to comply with U.S. sales tax laws by not establishing a physical presence in any state or municipality within the U.S. However, that changed on...
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Manage Your Business as an Integral Part of Your Wealth Planning
The first steps towards viewing – and treating – your business as an investmentIt is estimated that 75% of all private businesses are owned by households for which the business constitutes over half of...
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Meet Freed Maxick’s Business Valuation Team
Valuing a closely-held business can be a subjective and complex process that requires a strong understanding of finance, investments, economics and accounting. At Freed Maxick, our team of valuation...
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Cybersecurity for Your Employee Benefit Plan: Five Strategies to Consider
Employee Benefit Plan data is an attractive target for cybercriminalsToday’s businesses learn more about cybersecurity every day, but it’s still a challenge to stay ahead of those who could hack their...
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Brewing Up Tax Savings with the Federal R&D Tax Credit
Microbreweries often experiment with flavors and processes in ways that may qualify for a significant federal tax credit. When craft brewing is done right, it often seems more like art than science. So...
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IRS Offers New Insights on Deductibility of Business Meals and Entertainment
The IRS has released a new notice aimed at clarifying the effect of the TCJA on the deductibility of business meals and entertainment. According to the Service, "Taxpayers may continue to deduct 50...
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Sales Tax Compliance – What, Me Worry?
Uncertainty still exists about what businesses should expect after the Wayfair decisionThe recent Wayfair decision has sent states and businesses alike scrambling to make sense of what taxes are owed...
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Choosing a Business Entity: How the 2017 Tax Law Changed the Math
New Tax Law, Same Old Question: What’s the Best Entity for Your BusinessThe Tax Cuts and Jobs Act of 2017 (TCJA) made some of the most consequential changes to business income taxation in decades. With...
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Vulnerability Assessment vs Penetration Testing: What’s the Difference?
Make sure you are using the right cybersecurity test for the right purpose.Many companies (and sometimes their cybersecurity consultants) refer to a vulnerability assessment and a penetration test as...
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Transfer Pricing Strategy and Tax Reform
How to determine the correct transfer pricing strategy for your business in the new tax environment On December 22, 2017, the federal Tax Cuts and Jobs Act (“The Act”) was signed into law creating one...
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IRS Guidance Explains What’s GILTI; Less Clear on What’s Not
IRS Proposes Rules on Calculation of GILTIThe IRS has released guidance on the taxation of “global intangible low-taxed income” (GILTI) reported by US shareholders of corporations outside of the U.S....
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How Often Should You Have Your Business Valued?
5 Factors to Consider When Determining the Frequency of Business ValuationsDuring the life of a business, several events will make a business valuation necessary, such as buying or selling a business,...
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What Remote Sellers Need to Know About Use Tax Notice and Reporting Requirements
Since the U.S. Supreme Court ruling on June 21, 2018 that overturned the physical presence standard, most states have rushed to impose an economic nexus standard for remote sellers who meet a dollar or...
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After the Wayfair Sales Tax Case: Getting a Handle on Your Sales Tax Obligations
9 steps to figuring out what you have to collect and who you have to payThe Supreme Court’s decision in South Dakota v. Wayfair (Wayfair) expanded the ability of states to require out-of-state...
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Cybersecurity Risk Assessment is More Than a Scan
How to approach your company’s cybersecurity posture more holisticallyThe topic of cybersecurity will be top of mind for many executives in 2019 as they will have a keen interest in understanding their...
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Accounting Rule Changes: Six Ways That Recent Rule Changes May Affect Your...
Accounting rule changes that have a flow through impactIt has been a busy year for the Financial Accounting Standards Board (FASB). A number of accounting rule changes have been promulgated that will...
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Tax Reform Impact: Seven Ways That Reform Will Affect Your Year-end Financial...
Brief Overview of Tax Cuts and Jobs Act of 2017 Impacts on Tax ProvisionsThe Tax Cuts and Jobs Act of 2017 (TCJA) changed a variety of tax law sections that have a flow-through impact on the tax...
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New Jersey Tax Amnesty Program Ends January 15, 2019
Almost all qualify for amnesty, but failure to file means significant additional penalties.New Jersey is administering a tax amnesty program that runs through January 15, 2019. Highlights:Taxpayers who...
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