Since 1954, companies engaged in research, experimentation and development (“R&D”) activities have been able to fully deduct their R&D expenses against their taxable income. This treatment is allowed for qualified research expenses (“QRE”s) related to domestic and
Over the last few weeks, the initials “SBF” have dominated the internet and news cycles, causing countless investors, including celebrities, significant heartache. And Samuel Bankman-Fried (aka SBF), the founder and former CEO of cryptocurrency exchange
The 2017 Tax Cuts and Jobs Act (“TCJA”) is well-known for its sweeping tax changes impacting businesses of all sizes. Thriving pass-through companies and their owners benefited from lower tax rates, qualified business income deductions,
Daskal Bolton’s Faith Gorman and Teri Kaye participated recently in a webinar focus on income and sales tax benefits for Florida manufacturers. To view the webinar, click here. You can also access the webinar through
Non-Fungible Tokens (NFTs) have taken the markets by storm with their ease of transferability and proof of digital ownership. The differences between fungible and non-fungible assets are significant and help explain NFTs’ meteoric rise. Fungible
The cryptocurrency world is evolving quickly, and like many hopeful investors, I have taken the plunge. For the uninitiated, cryptocurrency is considered “the money of the future” because it’s digital, global, and unregulated for now.
The ripple effect of the landmark Wayfair decision (“South Dakota vs. Wayfair”) continues to confound CFO’s, accountants, and financial analysts throughout the US. In Part One of our series on the evolution of multi-state tax
On November 15, 2021, President Biden signed the $1T infrastructure bill to upgrade roads, bridges, transit, broadband, and more. While many tax practitioners have focused on what’s in the bill, including cryptocurrency reporting, the expiration
Executive Summary Year-end tax planning not only provides an estimate of your 2021 tax liability, it can also reveal opportunities to lower your overall tax liabilities! For cash basis taxpayers, defer income and accelerate expenses,
Three years after the game-changing Wayfair decision from the Supreme Court, companies operating in multiple states still struggle to comply with state laws regulating the collection and remittance of sales tax. The new “economic nexus”
For any investor evaluating a company’s viability, CEO considering expansion, or business leader trying to demonstrate transparency, the Systems and Operational Control (SOC ) report is an often overlooked tool to assess the health and
In this rapidly changing economic climate, business owners, family offices, and high net worth individuals are bracing for seismic reforms in the US tax code and a stricter regulatory environment. Concerns over President Biden’s tax
We are pleased to announce that the Daszkal Bolton team has joined CohnReznick, effective March 1.
