Tax

Tax | Aug 10, 2021

Preventing Tax-Related Identity Theft with an IP PIN

Featured | Aug 10, 2021

Tax related identity theft is an issue that began several years ago and has been steadily increasing as each year passes.  We see this most often when electronically filed tax returns are rejected by the IRS with the most common reason for the rejections being due to previously filed fraudulent returns.  Fraudsters can file tax returns using a taxpayer’s (or dependent’s) social security number in order to generate fraudulent refunds without the taxpayer’s knowledge.

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Preventing Tax-Related Identity Theft with an IP PIN2021-08-20T11:17:33-04:00
Tax | May 05, 2021

Highlights of the New York State Pass-through Entity Tax

The recently passed Budget Act was designed to benefit owners of eligible pass-through entities. This article highlights the key provisions of the Budget Act, workarounds enacted by other states, and general pass-through legislation considerations.

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Highlights of the New York State Pass-through Entity Tax2021-08-20T11:01:10-04:00
Tax | Jan 13, 2021

IRC Section 163(j) Update, Including Highlights of CARES Act Modifications and IRS Final Regulations

Tax | Jan 13, 2021

This article summarizes the key highlights of the CARES Act modifications and recent IRS regulations associated with the interest expense limitation rules under IRC Section 163(j).

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IRC Section 163(j) Update, Including Highlights of CARES Act Modifications and IRS Final Regulations2021-08-20T10:57:07-04:00
Tax | Sep 14, 2020

Are In-House Research Expenses Paid from Paycheck Protection Program (PPP) Loan Proceeds (That Qualify For Loan Forgiveness) Eligible for the IRC Section 41 Research Tax Credit

Tax | Sep 14, 2020

Are In-House Research Expenses Paid from Paycheck Protection Program (PPP) Loan Proceeds (That Qualify For Loan Forgiveness) Eligible for the IRC Section 41 Research Tax Credit

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Are In-House Research Expenses Paid from Paycheck Protection Program (PPP) Loan Proceeds (That Qualify For Loan Forgiveness) Eligible for the IRC Section 41 Research Tax Credit2020-10-21T14:12:42-04:00
Tax | Jan 13, 2020

Planning for the Negative Tax Impact of the SECURE Act on your IRA and 401(k) Beneficiaries

Tax | Jan 13, 2020

In this era of Congressional contentiousness, any legislation that comes out of those chambers with bipartisan support deserves note. Such is the case with the SECURE Act, an acronym for “Setting Every Community Up for Retirement Enhancement,” which was passed last July by a near-unanimous vote in the House of Representatives. But the SECURE Act also warrants a note of caution for those heavily invested in IRAs and/or 401(k) plans because it truly is a “game-changer,” and not for the better, when it comes to the distribution and taxation of withdrawals from inherited plans.

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Planning for the Negative Tax Impact of the SECURE Act on your IRA and 401(k) Beneficiaries2021-08-20T11:15:29-04:00
Tax | Dec 16, 2019

Putting AI to Work for Your Nonprofit: It’s Not a Question of ‘If’ but ‘When’

Tax | Dec 16, 2019

When asked recently if he knew how algorithms worked, a friend replied, “I don’t need to know how something works. I just need to know it works.” Of course, algorithms “work” for us every single day.

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Putting AI to Work for Your Nonprofit: It’s Not a Question of ‘If’ but ‘When’2020-06-22T13:42:19-04:00

The Indian Tax Rate Cuts

India has recently cut its corporate tax rates in a bid to revive its stagnant economy. The move has widely been seen as a positive and much needed one and sees the rates cut as follows: Companies that don’t seek exemptions will see their tax rate cut from 30% to 22% before surcharge and cess.

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The Indian Tax Rate Cuts2020-03-06T10:00:09-05:00
Tax | Oct 15, 2019

US State-to-State Business Travel Compliance and Risks

While organisations often overlook tax-compliance requirements related to business travel, the days of simply traveling to and working in a different state or country for business without a thought to tax liabilities are coming to an end. Looking for additional tax revenue, US state taxing authorities are becoming stricter and more vigilant in monitoring business travel. Extensive time spent on business travel in a country outside the US, or even a different state within the US, could create a PE exposure for the employing entity.

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US State-to-State Business Travel Compliance and Risks2021-08-20T11:10:57-04:00
Tax | Oct 15, 2019

How the Change in US Sales Tax Rules has Impacted International Sellers

On 21 June 2018, the US Supreme Court passed a landmark decision that transformed the landscape of sales tax in the US. The South Dakota vs Wayfair decision effectively permitted states to create new rules for sales ­tax collection requirements based on the dollar or transactions amount of sales - otherwise known as economic nexus. Previously, companies were only required to collect sales tax based on a physical presence test.

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How the Change in US Sales Tax Rules has Impacted International Sellers2019-10-15T14:41:12-04:00