Take Advantage of R&D Tax Credits, NOL Sales, Other Growth-oriented Programs When planning to launch a tech start-up on the east coast, many entrepreneurs automatically think Boston’s 128 corridor or New York City’s Silicon Alley. We propose that from a business and taxation perspective, there’s another strategic place to consider for starting and growing a
Author Archives: Chris Vignone
Partnering to Provide R&D Tax Credit, Cost Segregation and Other Capabilities as a Growth Strategy. We’re pleased to introduce a new ebook we’ve created specifically for the CPA community. It’s titled, A Guide for CPAs: How – and Why — to Introduce Clients to Specialty Accounting and Tax Services. You can download it for free.
The restaurant industry is at the top of many state sales tax auditors target lists. With a history of underreporting cash sales, state auditors have developed many strategies to hit owners with underpayment assessments. These can include sitting by the front door for a day in order to count customers, to using purchases of products
As part of the 2015 PATH Act, the R&D Tax Credit Program was significantly enhanced to allow qualified start-up companies to claim up to $250,000 of tax credits against their payroll tax expense. Over the past 18 months there have been many questions regarding the scope and application of the program including how and when
Over the past 18 months, I have been asked to define the term nexus more so than at any other point in my 20-year career. There have been two main drivers for these questions. The first driver is the introduction of Amazon’s FBA (“Fulfillment by Amazon”) service, which creates nexus for businesses in states where
When a company makes a taxable purchase from a vendor that is not required to charge sales tax in their state the company is required to accrue and remit use tax to the state. Even if the company is not required to collect sales tax from their customers, they are required to accrue and remit
Unfortunately, many international businesses are under the assumption that since they do not have permanent establishment (PE) for federal income tax purposes, they do not have a responsibility to collect sales tax. That assumption could not be further from the truth. In general, states do not recognize United States Federal Income Tax treaties because they