by Sara Raby | Dec 11, 2024 | blog, Individual Tax, Uncategorized
2024 did not bring significant tax law changes and with the outcome of the US elections, it is highly likely that previous TCJA (Tax Cuts and Jobs Act of 2017) tax cuts will be extended instead of sunsetting at the end of 2025. Based on these situations we continue... 
by Cory Carroll | Dec 5, 2024 | Cannabis Tax, Corporate Tax Services, Entity Formation, Life Sciences Tax, Technology Tax, Uncategorized
As of June 30, 2022 employers with an average of five or more employees in California were required to have a retirement plan in place for workers — either through a private-market option, like a 401(k), or through the state-run CalSavers program. California... 
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 Cory Carroll | Dec 4, 2024 | Cannabis Tax, Corporate Tax Services, Life Sciences Tax, Tax Credits, Technology Tax, Uncategorized
It’s that time of year again! No, we are not referring to the holidays, but time to review your Company’s tax situation, identify tax saving opportunities, and implement strategies before year-end to maximize cash flow. Here are our top 6 things small businesses can... 
by Advisor Team | Aug 13, 2024 | Corporate Tax Services, Life Sciences Tax, Tax Credits, Technology Tax, Uncategorized
Background In September 2023, the Internal Revenue Service (IRS) issued suggested changes to Form 6765, Credit for Increasing Research Activities, a form used by taxpayers to claim the Internal Revenue Code (IRC) Section 41 Credit for Increasing Research Activities... 
by Sara Raby | Jul 22, 2024 | Flow-Through Tax Services, Individual Tax, Uncategorized
In late December 2022, the SECURE Act 2.0 was passed. SECURE stands for Setting Every Community Up for Retirement Enhancement and this act is predominantly focused on enhancements to retirement programs. Catch Up Contributions For taxpayers 50 years and above,...