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Utah Supreme Court Upholds Taxpayer’s Transfer Pricing in Related-Party Transaction
States may have the authority to adjust related-party payments, but only after determining that the transactions are not at arm’s…
How Time-Tracking and Data Analytics Can Help Drive Better Business Decisions
Law firms, accountants, consultants and other professional services businesses have long been accustomed to tracking employee time for billing and…
QBI Deduction: The Impact of Proposed Regulations on Government Contractors
Recently, the U.S. Department of the Treasury and Internal Revenue Service (IRS) issued much-anticipated proposed regulations on the potential 20%…
Reducing Capital Gains by Creative Use of SMLLCs and Installment Notes
A popular estate planning technique for estates facing the prospect of incurring federal estate tax has been for a grantor…
Choosing the Right Reservation System for your Restaurant
Love ’em or hate ’em, reservations are a critical facet of the restaurant business. With new advances in industry technology,…
Can Tiny Homes & Co-living Help Make Housing More Affordable?
One enduring repercussion of the 2008-09 financial crisis and collapse of the housing market is the hesitancy among consumers to…
What do the 2019 cost-of-living adjustments mean for you?
The IRS has announced its 2019 cost-of-living adjustments to tax items that might affect you. Many of the amounts increased…
Let Uncle Sam Help You Expand Your Real Estate Portfolio by Utilizing the 1031 Like-Kind Exchange
There are many tax-deferral strategies used by successful investors. One of those tax instruments is the code Section 1031 Like-Kind…
Loans at 3%? GARJA Helps Rural Georgia Businesses Borrow at Low Rates
There’s great news for small and medium-size business owners in rural Georgia: the recently passed Georgia Agribusiness and Rural Jobs…
Is Your ITIN Expiring?
At the end of 2018, the following Individual Taxpayer Identification Numbers (ITIN) will expire and must be renewed: The ITIN…
What is a Blockchain Wallet?
Q: How do you carry your bitcoins? A: In a wallet, of course. A wallet on any blockchain platform can…
Georgia Tax Credits Fuel Booming Esports Industry
For four days in January, about 3,000 people descended on the Cobb Energy Performing Arts Centre just north of Atlanta….
Can Doctors and Lawyers Take the 199A Pass-Through Deduction? Well, It Depends…
There’s a lot of hype about tax reform’s new pass-through deduction that lets taxpayers deduct 20% of the income from…
Restaurateurs, Hoteliers See Boon in 20% Tax Reform Pass-Through Deduction
The owners of restaurants, hotels and other franchise and hospitality businesses will soon be more flush thanks to the 20%…
Some Technology Companies See Benefit in 20% Tax Reform Pass-Through Deduction
The owners of certain technology and software companies will soon see the benefits of the new 20% income deduction provision…
Upcoming GSA Refreshes Incorporate Kaspersky Ban and Update OLM Limitations
In November 2018, GSA will refresh its schedule solicitations to incorporate the recent Federal Acquisition Regulation (FAR) prohibition on the…
Texas Rules That Online Clothing Retailer Has Physical Presence Nexus
Even after Wayfair, physical presence can still create nexus, and taxpayers that own property that is temporarily located in a…
State Tax Considerations for Virtual Currency Transactions and Initial Coin Offerings
Virtual currency transactions and initial coin offerings are growing rapidly, and guidance is needed to address the many state tax…
Minnesota Tax Court Denies Sales Tax Exemption for Purchase of Capital Equipment
When interpreting sales tax exemptions with ambiguous language, courts generally construe the language narrowly, as was the case in this…
Oregon Rules That Owner is Not Required to Combine Income of Multiple Pass-Through Entities
The Oregon Tax Court ruled that the state could not require a resident individual owner of multiple pass-through entities to…
New Jersey Enacts Marketplace Facilitator Sales Tax Collection Requirement
States aren’t just enacting rules establishing nexus for remote sellers, they are establishing nexus rules for marketplace facilitators to collect…
Are You on the Road Again? Find Out How Many of Those Miles You Can Deduct
There are many details business owners need to consider when it comes to vehicle deductions, which can make it a…
Experienced Restaurant Owners Have Options for Growth Capital
Experience is a tough teacher, as any business owner will tell you. But experience also brings with it new opportunities,…
On-Ramp Underway for GSA OASIS SB Pool 1–Teams Now Welcome!
When the General Services Administration (GSA) released the RFP for Pool 1 on OASIS SB last month, it contained a…
Opening your First Restaurant? Here’s How to Raise Capital
Opening up a business for the first time in any industry is difficult. Opening up your first restaurant is even…
Opening your First Restaurant? Here’s How to Raise Capital
Opening up a business for the first time in any industry is difficult. Opening up your first restaurant is even…
What’s Your Construction Company Worth?
It is important that you have a comprehensive understanding of the three primary methods used to estimate the fair market…
Should Entertainment Expenses Be Fully Disallowed?
Although companies are no longer eligible to deduct business entertainment expenses like baseball tickets and golf outings, Notice 2018-76 was…
Mercedes, Lexus Forfeit in ERISA Case Underscores Need for Fiduciary Best Practices
The order by the U.S. District Court judge in Mississippi was clear: hand over the Mercedes, two Lexuses, a truck…
GSA Migrating All Sales Reporting to FAS Sales Reporting Portal
The General Services Administration (GSA) intends to migrate all Schedule contracts currently reporting sales in the 72A system over to…
IRS Issues Practice Aid on S Corporation Stock Basis Ordering Rules
In early January 2018, the IRS issued a practice unit on the S Corporation stock basis ordering rules. A practice…
Illinois Adopts Regulation on Trade Show Nexus
The Illinois Department of Revenue adopted a new regulation addressing a safe harbor rule with respect to nexus arising from…
Maine Denies Owner a Tax Credit for New Hampshire Taxes Paid by Business
When a non-resident individual owns and operates a pass-through entity in a state that imposes entity-level taxes, the owner’s resident…
Oregon Court Rules That Banks with No Physical Presence Have Corporate Income Tax Nexus
The Oregon Supreme Court ruled that two banks without physical presence still have income tax nexus in Oregon, impacting the…
New Jersey Denies Resident S-Corporation Shareholder Full Credit for Tax Paid to Pennsylvania
A New Jersey Tax Court opinion demonstrates that although resident individuals receive a credit for taxes paid to other states,…
Wayfair and Sales Tax Nexus: The Aftermath Part 2
Eleven more states will begin enforcement of their economic nexus sales tax rules beginning on Oct. 1, 2018. In our…
The Interplay of Tax Reform’s IC-DISC & Pass-Through Deduction: What We Know So Far
A key tax benefit for companies that do exports was at risk of getting killed from President Donald J. Trump’s…
Do You Know the Laws Governing Unclaimed Property in Your State?
It is not uncommon for nonprofit organizations to have uncashed checks, such as refunds from clients or customers or payments…
The Capitalized Costs of Cannabis
In 1937, Congress ratified the Marijuana Tax Act which made it illegal under federal law to deal in the business…
New Tax Reform Carried Interest Rules Could Put CRE Investors at Odds with Developers
It was somewhat of a surprise in the final legislation President Donald J. Trump signed into law in late 2017…
Two Methods for Valuing Your Construction Company
“What’s the market value of my company?” is a question business owners often wonder about. However, coming up with an…
Maryland Comptroller Issues Guidance on Approved Wayfair Regulations
The Maryland Comptroller has issued a tax alert instructing out-of-state vendors on how to apply recently approved regulations regarding sales…
Dental Practice Lifecycle: Sale of Practice & Retirement
After the start-up and acquisition phase and years of hard work growing your own dental practice, you may be ready…
Should Your Restaurant Go Cashless?
Cashless restaurantsare on the rise, even though the average American still carries cash in her wallet and uses it for…
Revenue Recognition Under ASC 606 for Nonprofits
The new revenue recognition standard, ASC 606, will greatly affect how nonprofit organizations recognize and classify revenue from grants, contracts,…
How Does Blockchain Work?
Blockchain technology is all about trust and transparency. In the current model of commerce, we place “assumed trust” in companies…
New Trust Services Criteria Are Set to Transform SOC 2 Reporting
The ability to demonstrate readiness for the next cyber event is a significant competitive advantage for any company that collects…