By Rob Trammell, Principal
Recently, a number of U.S. corporations –including Burger King, Medtronic, and Steris Corp. – have announced possible plans to move their corporate addresses overseas by merging with a foreign company. Some worry that the recent influx of inversions will harm the U.S. and its tax base. But why so much interest in corporate inversions, what are the benefits, what is the IRS’s stance on this issue, and how can it impact you as a shareholder?
By Blake Larum, Senior Tax Manager
Tax Extenders Bill
On December 16, 2014, the Senate voted 76 to 16 to pass H.R. 5771, the Tax Increase Prevention Act of 2014, providing for one-year retroactive extension of business and individual tax provisions that expired at the end of 2013. President Obama signed the bill on December 19, 2014. The key provisions for corporations are as follows:
By Steve Carter, Principal
Fraud is an ongoing concern for businesses in practically every industry today. But construction firms and contractors have historically been especially susceptible to fraud schemes.