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California FTB Overcollections: When an Old Refund May Still Be Recoverable

California FTB Overcollections: When an Old Refund May Still Be Recoverable

by Sara Raby | Sep 1, 2026 | blog, Cannabis Tax, Corporate Tax Services, Life Sciences Tax, Tax Credits, Technology Tax

Discovering that California collected too much tax is frustrating enough. Discovering the error years later, after the normal refund deadline has expired, can make the situation appear unrecoverable. A new Franchise Tax Board ruling provides an important exception in...
Made Money on a Prediction Market? California Says It Is Still Taxable Even Without a 1099

Made Money on a Prediction Market? California Says It Is Still Taxable Even Without a 1099

by Sara Raby | Aug 27, 2026 | blog, Corporate Tax Services, Life Sciences Tax, Tax Credits, Technology Tax

Prediction markets have moved quickly from a niche trading activity into the mainstream. These markets are exchange-based platforms where individuals buy and sell contracts tied to the outcome of a future event—such as election results, inflation reports, Federal...
Do Not Wait Until Tax Season to Build Your 2026 R&D Tax Credit Documentation

Do Not Wait Until Tax Season to Build Your 2026 R&D Tax Credit Documentation

by Dana Borys | Aug 26, 2026 | blog, Corporate Tax Services, Life Sciences Tax, Tax Credits, Technology Tax

For many technology and life sciences companies, the records needed to support the 2026 Research and Development (R&D) tax credit are being created right now. Engineering tickets are being closed, sprint epics are moving into production, scientists are advancing...
Business Interest Deductions Changed Again: What New Section 163(j) Rules Mean for 2026

Business Interest Deductions Changed Again: What New Section 163(j) Rules Mean for 2026

by Dana Borys | Aug 26, 2026 | blog, Cannabis Tax, Corporate Tax Services, Life Sciences Tax, Technology Tax

Businesses carrying significant debt have more room to deduct interest under the current Section 163(j) rules, but the impact depends on how the business calculates adjusted taxable income, or ATI, and how its financing and entity structure interact with the...
Should your Company File a Separate or Consolidated Corporate Tax Return?

Should your Company File a Separate or Consolidated Corporate Tax Return?

by Cheryl Saroukhanoff | Aug 25, 2026 | blog, Cannabis Tax, Corporate Tax Services, Life Sciences Tax, Technology Tax

When a business adds a corporate subsidiary or acquires another company, management may have a choice to make: should each corporation file its own federal income tax return, or should the affiliated group file one consolidated return? A consolidated return can allow...
Has Your Startup Outgrown Its Transfer Pricing Policy?

Has Your Startup Outgrown Its Transfer Pricing Policy?

by Dana Borys | Jul 29, 2026 | blog, Corporate Tax Services, Life Sciences Tax, M&A Tax Due Diligence, Technology Tax

A transfer pricing arrangement that worked when a company was a start-up may no longer fit once that team develops core technology, manages customer relationships, or makes decisions that affect the company’s commercial risk. Many emerging-growth companies establish...
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