by TaxOps | Mar 11, 2022 | ASC 740, Federal Tax, Tax News
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...
by TaxOps | Aug 4, 2021 | Federal Tax, Tax News
For most companies, establishing the income tax provision under ASC 740 is a calculation that must be performed from the ground up as part of a comprehensive financial reporting package in preparation for a SPAC transaction. Get it right and avoid missteps that can...
by TaxOps | Aug 5, 2019 | State and Local, Tax News, White Papers
The 2018 U.S. Supreme court ruling in Wayfair gave rapid rise to new sales tax obligations for online sellers. How did we get here and what every business, and by extension, business tax provider, should be doing to reduce risk. By Judy Vorndran Prior to Wayfair,...
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