Different Tax Professionals Are Required For Different Tax Situations And Different Businesses
When you are getting ready to do your taxes, business or personal, picking the right TYPE of tax professional is part of the financial equation. Business taxes are not one-size-fits-all all affairs and sometimes you might need more than one kind of tax professional....
Some States Set to Increase Transfer Pricing Audits
First of all, what is “transfer pricing?” This is, simply put, the amount one part of a business charges another part of that same business for goods or services. This applies to associated businesses, affiliated businesses, subsidiaries, etc. For the IRS ...
New Standards On Public Tax Reporting Set By The Financial Accounting Standards Board
After a number of false starts, the Financial Accounting Standards Board (FASB) decided on requirements for companies to release tax information to the public and specifically to investors. The requirement won’t go into effect for a couple of years but...
Claiming Research And Development Credits Can Be Complex
Companies that engage in research and development can reap rewards in the form of tax credits. How credits and deductions can be claimed vary for state R&D deductions/credits. Federal deductions are more uniform but they can be complex. What qualifies as research?...
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