by Dana Borys | Dec 3, 2025 | ASC 740 & ASC 740-10, blog, Cannabis Tax, COGS, Corporate Tax Services, Entity Formation, Flow-Through Tax Services, Individual Tax, Life Sciences Tax, M&A Tax Due Diligence, Tax Credits, Technology Tax
A question CPAs are commonly asked is “when is my tax return due?”. Below is a quick summary of some of the most common tax deadlines for calendar tax year-end filers (note, fiscal year-end filers and state income tax return filing dates may vary). To ensure timely... 
by Sara Raby | Jan 31, 2025 | ASC 740 & ASC 740-10, blog, COGS, Corporate Tax Services, Individual Tax, Technology Tax
On December 31, 2024, the IRS released Notice 2025-7 which provides temporary relief of Treas. Reg. § 1.1012-1(j)(3)(ii) (Revenue Procedure 2024-28) which was set to be implemented on January 1, 2025. The new regulations required digital brokers (aka wallets) to... 
by Cheryl Saroukhanoff | Dec 5, 2024 | ASC 740 & ASC 740-10, Cannabis Tax, COGS, Corporate Tax Services, Entity Formation, Flow-Through Tax Services, Individual Tax, Life Sciences Tax, M&A Tax Due Diligence, Tax Credits, Technology Tax, Uncategorized
In today’s dynamic business environment, transacting with companies and consultants from across the country is common. It is important for California businesses to review their withholding obligations if they make nonwage payments to a California nonresident... 
by Jessica Esquivel | Nov 26, 2024 | ASC 740 & ASC 740-10, blog, Cannabis Tax, COGS, Corporate Tax Services, Entity Formation, Flow-Through Tax Services, Individual Tax, Life Sciences Tax, M&A Tax Due Diligence, Tax Credits, Technology Tax
Navigating tax penalties can be a daunting task for taxpayers, but understanding your options for penalty relief can make a significant difference. The Internal Revenue Service (IRS) offers two primary forms of relief: the First Time Penalty Abatement and Reasonable... 
by Dana Borys | Oct 23, 2024 | ASC 740 & ASC 740-10, blog, Cannabis Tax, COGS, Corporate Tax Services, Entity Formation, Flow-Through Tax Services, Individual Tax, Life Sciences Tax, M&A Tax Due Diligence, Tax Credits, Technology Tax
If your business mailing address or business location has changed, or if the identity of your responsible party has changed, you must notify the Internal Revenue Service (IRS) of these changes within 60 days of the change by filing Form 8822-B, Change of Address or... 
by Cory Carroll | Sep 18, 2024 | ASC 740 & ASC 740-10, blog, COGS, Corporate Tax Services, Flow-Through Tax Services, Individual Tax, Life Sciences Tax, Technology Tax
When it comes to deducting automobile expenses on your taxes, there are two primary methods to consider: the mileage method and the actual expense method. Each has its own set of rules, benefits, and potential drawbacks. Choosing the right method depends on your... 