Hong Kong Special Administrative Region “Patent Box” Overview of Tax Preferential Measures
The draft legislation on preferential tax measures for the “Patent Box” of the Hong Kong...
Reflections on the Fujian High Court on the case of Hong Kong companies transferring equity of mainland companies to enjoy agreed treatment
This case is currently one of the few public judicial judgments in China on the...
Rethinking international penalty administration
Maintaining integrity in tax administration often requires the use of penalties to encourage voluntary compliance....
Defining software development costs
The law known as the Tax Cuts and Jobs Act (TCJA), P.L. 115-97, eliminated the...
Aggregation rules affecting foreign-owned companies
Multinational businesses headquartered overseas customarily conduct operations in the United States via local subsidiaries. These...
Filing Your Startup’s Tax Return for the First Time
Filing a return for a startup for the first time can be overwhelming considering everything...
State Sales Tax Compliance for Startups
Startups face a number of challenges from hiring qualified employees, to research and development, to...
Do Startups Need Audited Financial Statements?
By law private companies are not required to undergo an annual audit of financial statements...
Redetermining foreign taxes in a post-TCJA world
The foreign tax redetermination (FTR) rules under Sec. 905(c) apply to taxpayers who accrue foreign...
Managing tax audits using sampling techniques
Sampling is a tool that is generally used whenever there is a list of records,...
Taxation of employees’ use of corporate apartments
Taxable compensation from use of an employer-provided corporate apartment Absent an applicable exclusion, the fair...
Tax fraud and bankruptcy dischargeability
The federal laws governing bankruptcy and taxation often intersect, although their makeup, effectiveness, and interpretation...Archive
January 6, 2021
Lease Concessions • Lessor or lessee can elect to apply or not apply guidance to contract *Refer to recent... Read more
January 5, 2021
Liquidations occurs when a company is closing because it cannot pay its bills or the value of the business assets... Read more
December 31, 2020
The AICPA launched the CPA Evolution Initiative which includes skills needed for accountants. • Competency • Communication ... Read more
July 15, 2020
Covid-19 is clobbering hotels, shopping centers and senior housing communities. But the pandemic is providing an extra boost to landlords leasing to... Read more
July 12, 2020
Public and private companies that enter contacts with customers to transfer goods or services or non-financial assets should carefully follow... Read more
June 29, 2020
The shifty economic and trade tensions have been high as the U.S. and China, the world’s largest trading partners, are... Read more
June 24, 2020
California The California Franchise Tax Board has made significant tax developments to its existing rules for taxpayers doing business in... Read more
June 23, 2020
The Tax Cuts and Job Act has modified various cost recovery rules under Sec. 179 and 168 under Rev. Proc.... Read more
June 4, 2020
Attention taxpayers! These days, taxpayers need to understand the reasoning behind Sec.7502(a), which states a petition must be timely mailed... Read more
May 27, 2020
All professional tax prepares should review their data security protections by developing a written plan describing the company’s policies to... Read more