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
May 20, 2020
Under new guidance of FASB’s Issuance of Accounting Standards Update No. 2014-09, Revenue From Contracts With Customers (Topic 606), the... Read more
May 16, 2020
Information returns are crucial for taxpayers. If they fail to report and pay the correct amount of tax on time,... Read more
May 16, 2020
According to the Bluebook of The Joint Committee on Taxation, a business meal expense is considered entertainment and not deductible.... Read more
May 16, 2020
Are you considered an independent contractor or an employee? Many factors differentiate your placement. The IRS states that a worker... Read more
May 16, 2020
Due to the underutilization of R&D tax credit, taxpayers of startup companies that develop or improve products should be aware... Read more
May 15, 2020
According to The Joint Committee of Taxation, federal tax expenditures for the research tax credit will reach $16.4 billion in... Read more
August 1, 2019
Electric vehicle charging points are great to see popping up in all corners of the globe, but when it comes... Read more
July 30, 2019
Despite all the hullabaloo about electric cars, they're still a very new technology. And, as much as we've heard about... Read more
July 28, 2019
Just when everyone had pretty much given up hope of getting lawmakers in our hyper-polarized nation’s capital to agree on... Read more
July 13, 2019
As the automotive and technology industries collide, many tech companies find themselves in an exciting but daunting position: having to... Read more