IT IS NOW EASIER TO CLAIM THE R&D CREDIT
The IRS recently published temporary regulations providing a great opportunity for taxpayers who want to claim the R&D credit, but have not done so in an open tax year. There are currently two...
View ArticleLOOKING OUT FOR SMALL BUSINESSES
I just got back from Washington DC where I went to assist the S Corporation Association’s efforts to protect pass-through entities. We met with several legislators during the day trying to push reforms...
View ArticleEXCITING TIMES FOR REDPATH!
July is turning out to be quite an exciting month for our firm! Yesterday we announced three big changes for our firm: Our firm name is now Redpath and Company Our firm headquarters is relocating from...
View ArticleGOODWILL
Author: Nate Kohler During 2014, the Financial Accounting Standards Board (FASB) issued an update of the accounting treatment of Goodwill for private companies. After research and outreach with private...
View ArticleTHE ANGEL IS BACK!
The state of Minnesota offers a very generous tax credit to certain investors. The Angel Tax credit is equal to 25% of the amount invested in a qualified activity (businesses focused on high...
View ArticleDEFERRED TAXES AND TAX DISTRIBUTIONS
Defer. Defer. Defer. That is usually the name of the game for income tax strategy. What does that mean for how we look at company balance sheets? The definition of “Deferred Tax Liability” is an...
View ArticleHOUSE PASSES ONE YEAR TAX BREAK EXTENSIONS
By John Kammerer On December 3, 2014, the House passed a one year extension for more than 50 tax breaks that had previously expired. While this is positive and helpful to many businesses and...
View ArticleVariable Interest Entity
Author: Nate Kohler During 2014, the Financial Accounting Standards Board (FASB) issued an update for the accounting treatment of variable interest entities (VIE) as related to privately held...
View ArticleWork Opportunity Tax Credit Transition Relief
Author: John Kammerer The IRS recently released Notice 2015-13, which provides transition relief for employers to comply with the paperwork requirements necessary to claim the Work Opportunity Tax...
View ArticleDown, but not Out
By Gloria McDonnell Normally, the buzz around my house this time of the year would be regarding the Kentucky Derby, which takes place on the first Saturday of May every year. This year, however, the...
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