HELPING BUSINESS NAVIGATE THE COMPLEX BUSINESS CLIMATE
Whether you need help navigating sophisticated business, accounting or tax issues like transfer pricing, mergers & acquisitions and business financing, we can help. Our services extend beyond compliance as we help you take advantage of opportunities that contribute to business success.
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WHAT WE DO
Providing tax, assurance, financial advisory and management consulting services to businesses world-wide
The choice of entity is among the most important decisions facing taxpayers when starting a business or investment activity. The choice of tax entity generally includes a C corporation, S corporation or partnership, each having its own advantages and disadvantages that must be evaluated in terms of how the entity’s tax and legal characteristics ali..
On August 4, 2021, the IRS issued Notice 2021-49, which provides long overdue guidance for employers that have taken or are considering taking the employee retention credit (ERC) as initially made available under the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) and modified and extended under the American Rescue Plan Act of 2021 (..
On June 17, 2021, the IRS released an advance copy of Rev. Proc. 2021-28, providing guidance for taxpayers on how to change their method of computing depreciation to a 30-year recovery period under the alternative depreciation system (ADS) for certain residential rental property placed in service before 2018 and held by an electing real property tr..
The Biden Administration’s American Families Plan and other tax proposals may complicate the tax landscape for high-income earners. Many of the proposals target taxpayers earning more than $400,000 per year.The American Families Plan proposals include:Increasing the top marginal income tax rate to 39.6% for households making over $400,000;Taxing lo..
On February 11, 2021, the Tax Court ruled in favor of the IRS in Little Sandy Coal Company v. Commissioner, finding that the taxpayer (petitioner) failed to meet the “substantially all” requirement with respect to the “process of experimentation” test under Internal Revenue Code (IRC) Section 41.DetailsThe dispute involved research tax credits clai..