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Peter J. Scalise, R&D Tax Credit Program, CPA Magazine

Federal Tax Advisory R&D Tax Credit Update

The Enhanced R&D Tax Credit Program The Protecting Americans from Tax Hikes Act of 2015 (hereinafter the “PATH Act”) significantly enhanced the R&D Tax Credit Program (“RTC”) on a myriad of levels by making the RTC a permanent tax incentive within the Code and considerably restructured the program to: • Allow eligible “Small Businesses” (i.e.,

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IRS, Governing TPR Compliance, Internal Revenue Service,Audit Techniques Guide

Attention Internal Use Software R&D Tax Credit Claim Filers- Final Treasury Regulations Issued

On October 3rd of 2016, the Internal Revenue Service (hereinafter “the Service”) issued Final Treasury Regulations setting forth guidance on research and development efforts in connection to Internal Use Software (hereinafter “IUS”) for purposes of claiming the Research & Development Tax Credit (hereinafter “RTC”) under I.R.C. § 41. The newly issued Final Treasury Regulations are

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New Jersey

New Jersey Governor Chris Christie Announces Tax Cut and Gas Tax Increase Agreement

On Friday, September 30th New Jersey Governor Chris Christie and Senate President Steve Sweeny announced agreement on a new tax plan.  The tax plan contains numerous provisions; most noticeably the state will be increasing its gasoline tax and reducing the state sales tax rate. New Jersey currently imposes the second lowest state tax on gas

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IRS, Governing TPR Compliance, Internal Revenue Service,Audit Techniques Guide

The Service Issues New Administrative Authority Governing TPR Compliance

The Internal Revenue Service (hereinafter “IRS”; or “the Service”) recently issued on September 14th of 2016 an Audit Techniques Guide (hereinafter “ATG”) governing Tangible Property Regulations Compliance (hereinafter “TPR Compliance”). As a synopsis, an ATG provides a meaningful framework for IRS examiners during audits by providing insight into tax issues and accounting methods unique to

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Striving For Greatness Accounting & Finance Scholarship

PM Business Advisors is pleased to announce a new scholarship opportunity for Accounting and Finance students. Our Striving for Greatness Accounting & Finance Scholarship is aimed towards well-rounded individuals who display both academic excellence in accounting and/or finance as well as an involvement in their community. Our applicants will distinguish themselves through their interest and

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IRS, Form 3115

The IRS Issues Transition Period Guidance for Recently Revised Form 3115

The Internal Revenue Service (“Service”) issued on March 24 of 2016 their Announcement 2016-14 addressing the transition period implementation dates in connection with the recently revised Form 3115 entitled “Application for Change in Accounting Method” which was most recently revised and released to the public in December of 2015. This presents a paradigm shift as

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PM Business Advisors, Striving for Greatness

PM Business Advisors LLC Welcomes Bob Berman as Director of Tax Advisory

PM Business Advisors LLC, an independent business and tax advisory services firm with offices in New York, New Jersey and California, welcomes Bob Berman as Director of Tax Advisory. PM Business Advisors services Fortune 1000 companies with business consulting, asset and tax recovery services and partners with CPA firms nationwide to offer advisory services to

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