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?...
Only $10,000 Of State And Local Business Taxes Can Be Deducted On A Federal Return–With A Notable Exception
In some cases you can deduct your state and local business taxes on your Federal return but not always. There is a catch. At the moment the most you can deduct on your Federal return is $10,000. There is also a catch to the catch; there is a way to deduct more. This...
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