Category

Tax

Cannabis Banking California
Tax
October 18, 2019

SB 51 and the Future of Cannabis Banking in California

Marijuana legalization is one of the hottest topics in the United States in recent memory. While still illegal at the federal level, more than half of the states have passed some measure of cannabis legality –…
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Parking Tax | Empty Parking Garage
Tax
October 16, 2019

The Implications of the New Parking Tax on Nonprofit Organizations

The Tax Cuts and Jobs Act (TCJA) of 2017 brought about significant tax reform. However, one of the more perplexing provisions is that employer-provided parking is now considered unrelated business taxable income (UBTI). Therefore, employer-provided…
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Homeless Shelter Food Kitchen | The Impact of Tax Reform on Charitable Deductions and Nonprofits
Tax
October 8, 2019

The Impact of Tax Reform on Charitable Deductions and Nonprofits

When the Tax Cuts and Jobs Act (TCJA) passed in 2017, there was general concern around nonprofit organizations about the future of charitable giving in the United States. In fact, research performed by the Indiana University…
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Creating a PATH to the R&D Tax Credit for Small Businesses and Start-ups | Two Men working on research for a VR project
Tax
October 4, 2019

Creating a PATH to the R&D Tax Credit for Small Businesses and Start-ups

Since the 1980s, the U.S. federal government has offered the Research & Development (R&D) Tax Credit as a means of incentivizing companies to invest in innovation and experimentation. The R&D Credit is available to companies…
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3 team members meeting in a conference room | California Payroll Tax
Tax
October 2, 2019

California Payroll Tax: Breaking Down the Basics

Part of your role as an employer is to collect, report and pay payroll taxes. It is highly critical to stay compliant with tax laws, as you may be personally liable for payroll taxes not…
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R&D Tax Credit | Farmer researching growth of plant in greenhouse. Agriculture concept.
Tax
September 26, 2019

R&D Tax Credit: The Best Tax Incentive You Might Be Missing

The truth is the Research & Development (“R&D”) Tax Credit is one of the most overlooked tax incentives in our current tax code system. A major reason for that is the swarm of misconceptions surrounding…
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Anxious man in a coffee shop | IRS Fresh Start Program
Tax
September 13, 2019

Have Significant Tax Debt? The IRS Offers a Fresh Start Program

Life is full of unexpected moments and changes that can have a dramatic effect on your life. Some may inhibit your ability to pay the money you owe the Internal Revenue Service (IRS). For filers…
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Mother and Daughter Happily Baking Together | Claim Your Parent as a Dependent to Maximize Tax Breaks
Tax
September 11, 2019

Claim Your Parent as a Dependent to Maximize Your Tax Breaks

The Tax Cuts and Jobs Act (TCJA), passed in 2017, eliminated or modified a number of provisions. However, in their place, the TCJA created new options to reduce taxable income or tax liability. Provisions related…
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Row of Buildings in New York - Deciphering the Qualified Business Income Deduction as it Relates to Rental Real Estate
Tax
September 9, 2019

Deciphering the Qualified Business Income Deduction as it Relates to Rental Property

The passage of the Tax Cuts and Jobs Act (TCJA) in December 2017 instituted a new section of the Internal Revenue Code (IRC). Section 199A introduced the 20% qualified business income (QBI) deduction for certain…
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Woman doing online shopping | Wayfair and Out of State Sales Tax: One Year Later
Tax
September 3, 2019

Wayfair and Out of State Sales Tax: One Year Later

With over 10,000 sales jurisdictions across the United States and the ever-increasing amount of online retailers, sales tax – especially across state lines – is a topic becoming more and more relevant. This holds true…
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