Category: Tax Services (page 9)

New Revenue Recognition – 5 Steps You’ll Need to Know

Author: Jonathan Hitter, Shareholder The Financial Accounting Standards Board recently issued new revenue recognition guidance effective December 15, 2017, for public companies and December 15, 2018, for private companies. The new standard will affect all entities that enter into contracts to…
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Understanding How the R&D Tax Credit Can Offset Payroll Taxes

Author: William Cooper, Shareholder Start-ups and small businesses customarily incur expenditures that may qualify for Research & Development (R&D) tax credits, but generally, these businesses don’t have the taxable profit needed to take advantage of the credit. The IRS issued guidance…
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