Sales tax compliance and R&D tax credits are new challenges that SaaS companies may be facing. Read on for more.

Nonprofit organizations across the country have seen lingering effects from the COVID-19 pandemic. Read on for details.

Missed items in the tax provision are a leading cause of financial statement restatements. Accounting for income taxes can often become routine for companies with consistent operations, as many roll their positions forward and perform the same tasks…

It is a pivotal milestone when a private company recognizes its readiness for going public. An increasingly popular approach to doing so is the special purpose acquisition company (SPAC). As the boom in SPAC issuance continues, it is important to…

Since the 2017 Tax Cuts and Jobs Act (TCJA) changed the federal corporate tax rate from 35%, to a flat rate of 21%, owners of S corporations and other pass-through entities (partnerships, limited liability companies, etc.—hereinafter referred to as …

It appears Democrats are on their own to pass any legislation this session as Republicans withdraw their support on multiple fronts. 

With day-to-day operations of running a business, one of the challenges we see for business owners is shifting their focus to succession and/or exit planning. 

Taxpayers who incur research and experimental (R&E) expenditures on or after tax years beginning January 1, 2022, will see a change in the deductibility of Internal Revenue Code (IRC) Section 174 expenses.

A new ASU creates a practical expedient for private companies calculating the fair value of the equity shares underlying a share-option award.

FASB has issued an exposure draft that would extend the effective date for ASU 2020-04 and expand the definition of SOFR, the replacement reference rate.