Articles

Archive for the ‘Corporate Tax’ Category

August 10, 2018

Changes in Accounting for Revenue Recognition

In May 2014, the Financial Accounting Standards Board (FASB) issued a standard addressing revenue recognition which provided guidance on revenue from contracts to provide goods or services to customers.  The new standard provides potential changes…

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July 09, 2018

Marijuana: A High Point for the IRS

Over the last several years, there has been a movement towards legalizing marijuana in various states. In those states where it is legal, recreational marijuana has created countless businesses and jobs. It’s also lead to…

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June 22, 2018

Sales Tax for Online Retailers

On June 21, 2018, The SCOTUS ruled 5-4 in favor of the states in the landmark South Dakota v.s. Wayfair. This enables states greater power to require out-of-state retailers to collect sales tax from businesses…

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April 30, 2018

The often-overlooked R&D Tax Credit

Tax credits are one of the best tax-reduction tools for your business because they directly decrease your tax bill dollar for dollar. The business research and experimentation credit, also called the “R&D credit” could be…

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April 23, 2018

Sales Tax and eCommerce

Note: On June 21, 2018, the U.S. Supreme Court ruled in favor of the states in the South Dakota v. Wayfair case, granting them greater power to require out-of-state retailers to collect sales tax on…

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