By Carol Wagner, Principal
It took awhile, but the economy finally seems to be on solid footing six years after the financial crisis and Great Recession. Construction activity, including new home construction, is booming again in many parts of the country.
Most contractors and construction firms rightly want to get in on the action. However, many realize the importance of not over-extending themselves in the ways that got them into trouble before the recession. The key is to embark on smart growth strategies that will position your firm to take advantage of new opportunities while limiting potential risk should another bust be lurking around the corner.
By Michael McAndrews, Principal
This quarter we focus on three areas that are very important to technology companies:
- Research and Development Credit
- International Tax Developments
- State Tax Developments
By Luis Ramirez, Principal
There is a growing concern amongst developing countries with regards to significant losses of national tax revenues because of sophisticated tax planning by international companies. It is not uncommon to read headlines of corporate tax rates approaching single digits for iconic US companies the likes of Apple, Starbucks and Caterpillar.
By Mark Sheffield, Principal
When the Sarbanes-Oxley Act was passed in 2002, large public companies were forced to implement and document formal internal controls. Large companies had to think more about risk and how to strengthen business oversight. Small companies have risk too. Perhaps relatively more risk, because they don’t have the controls the larger companies now have in place. What can small business learn from large business to reduce risk? Here are five processes big companies have that small businesses should also implement.
By Jeff Faust and Megan Bigham
Upcoming tax regulation changes may have sweeping effects on how family-owned entities are valued.
Initially, the IRS did not allow discounts for lack of control in valuing family-owned interests. In 1993, the IRS ruled that these interests were not collective and therefore lifted the limitation for this discount. However, there are still some situations where discounts for lack of marketability and lack of control are challenged on the basis of IRS Code §2704.
