Category

Tax

Qualified Opportunity Zones | Abandoned industry
Real EstateTax
November 8, 2019

Qualified Opportunity Zones: Revitalizing Communities and Deferring Capital Gains Taxes

In 2017, the Tax Cuts and Jobs Act (TCJA) featured the Qualified Opportunity Zone (QOZ) provision – Code Section 1400Z. While the provision was mostly overlooked at the time, it has now integrated itself into…
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GILTI Tax | Stockholm Gamla Stan, Sweden
Tax
October 31, 2019

GILTI and the Evolving International Tax Environment

The 2017 Tax Cuts and Jobs Act (TCJA) significantly impacted the taxation of U.S. multinational companies and their foreign profits. Prior to tax reform, the U.S. tax code provided for a worldwide taxing system of…
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Cannabis farm in a greenhouse | Safe Banking Act
CannabisTax
October 28, 2019

The SAFE Banking Act and the Future of Cannabis Banking in the U.S.

Armored cars. Ex-military guards. Automatic Pistols. Black cash boxes. These are all necessary components to transfer money throughout a number of states. It’s not the black market. It’s the cannabis industry. An industry with perfectly…
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Cost Segregation | Man standing outside a bar
Real EstateTax
October 25, 2019

Post-Tax Reform Benefits of a Cost Segregation Study

Sweeping tax reform in 2017 brought about a number of changes to drastically alter the tax environment in the United States. Between a lowered corporate tax rate, lower rates for certain “pass-through” entities and decreased…
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Cannabis Banking California
CannabisTax
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

Parking Tax: The Implications 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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