Financial Resources & News
Tax Changes for R&E Expenditures as of 2022
Businesses that invest in research and development, particularly those in the technology industry, should be aware of a major change to the tax treatment of research and experimental (R&E) expenses. Under the 2017 Tax Cuts and Jobs Act (TCJA), R&E expenditures...
IRS Penalties & Interest
How does the IRS go about applying penalties and interest to taxpayers? In this article we’ll be discussing the 4 types of penalty charges, and how the IRS goes about applying them. For clarity: Original Due Date = Generally April 15th for Individual Taxpayers...
The Child Tax Credit – Updated Guidance
The IRS updated its factsheet regarding the Child Tax Credit again on March 8, 2022. As part of the American Rescue Plan Act, the Child Tax Credit (“CTC”) was expanded for the 2021 tax year by offering families advance monthly payments of $250 to $300 per child. Also,...
Updated Lease Accounting Guidance to Go into Effect Soon!
In February 2016, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2016-02, which created Accounting Standards Codification (ASC) Section 842, Leases (“ASC 842”). This new standard provides significant updated guidance for how non-public business entities account for operating and capital leases.
PPP Loan Forgiveness Application
PPP Loan Forgiveness Application Last week, the Small Business Administration (SBA) released the Paycheck Protection Program (PPP) Loan Forgiveness Application and detailed instructions for the application. While the application is in final form, we should expect to...
Value Reconstruction – Rebuilding Company Value
Value Reconstruction - Rebuilding Company Value Click here to download our Value Reconstruction Program Overview - Rebuilding Company Value
Staying Focused
Staying Focused Where do you begin with this article? That’s a bit of an ironic statement since the topic is staying focused, but the reality is it is hard to stay focused. There are major demands on your time. Customers and employees have needs. Management has...
Value Triggers
Value Triggers What is a value trigger? These are the items in the business that contribute the most to the company’s success. These triggers may not be obvious items. As an example, an obvious item of value is revenue. Revenue shortages create difficulties so one...
2020 Planning
2020 Planning This article is not about 20/20 vision. The focus is on the year 2020 and how to take a few steps to refine your business life. Most owners want more out of their business, and that “more” is not always money. Some want more time to enjoy their life,...