ASC 740 Articles

Major Changes in §174 Amortization Hit Q1 Estimates in 2022

Beginning January 1, 2022, all companies—from multi-billion-dollar corporations to small business owners—must capitalize all IRC §174 expenses, spreading the amortization of those expenses either five or 15 years. These changes hit Q1 estimates. By Davinia Lyon The...

We’re Saving Your Spot: Now Hiring Tax Seniors

TaxOps is a boutique business tax firm of specialized knowledge professionals who are passionate about client services, work-life balance and having fun. The clients we serve are upper middle-market business with U.S. and international operations that have interesting...

Colorado ranks 20th on The Tax Foundation 2022 Index

Colorado holds steady at the 20th spot on the Tax Foundation's 2022 State Business Tax Climate Index. There's been no movement in ranking from 2021 despite simplification efforts underway. Read more on how states compare. By TaxOps   Colorado, despite efforts to...

A Practical Approach to ASC 740 CPE

Accounting for income taxes is detail-oriented, complex and time-consuming. Davinia Lyon and Lindsay Haskell of TaxOps have a practical approach to achieving compliance with ASC 740 at CPE4U. Thursday, November 11, 2021 | Register 1:00 pm-4:30 pm MT ASC 740, the...