-
Section 280G and Parachute Payments: The Distraction In Your M&A Deal
Tech companies and their executives are often subject to IRC Section 280G when undergoing a change in control. Check out our recent article providing a basic framework for understanding how Section 280G applies in a transaction and how it can be addressed: Section 280G and Parachute Payments: The Distraction In Your M&A Deal : 2022 […]
-
While we wait for a Section 174 fix, software companies may feel the largest impacts
Taxpayers and practitioners had hoped that a “fix” under Section 174 would have been addressed by Congress already. With the first quarter of 2022 behind us, however, we still have no legislation in place that would defer or eliminate the amortization requirement that went into effect for tax years beginning after December 31, 2021. This […]
-
ICYMI – Webinar Series from 2021
I wanted to share some webinars we did in 2021 around the technology and startup community. These were recorded and can be viewed at anytime. Webinar Series for Technology Companies : 2021 : Events : CLA (CliftonLarsonAllen) (claconnect.com) Technology Webinar Series : 2021 : Events : CLA (CliftonLarsonAllen) (claconnect.com)
-
What we learned from 2021 and its impact on 2022
Here are highlights of an article that outlines reflections of 2021 that help shape our goals for 2022! Highlights include – Compliance with COVID-19 relief funds, Impact of Labor Market Disruption (financial and operational), and increased need for Cybersecurity. Get a Leg Up On 2022: What We Learned in 2021 and How You Can Apply […]
-
ERC for Recovery Startup Businesses
By: Lakshmi Kesaraju, CPA Your startup may be eligible for a $100,000 tax credit that can be used to offset your payroll taxes. The Employee Retention Tax Credit (ERTC) program is ever-changing since creation of the credit under the Coronavirus Aid, Relief and Economic Security (CARES) Act in April 2020. It has been extended and […]
-
Quick Year-End Tax Planning Ideas
Numerous news outlets have reported that the Biden Administration continues to seek a path forward for its “Build Back Better” economic stimulus and social spending plan, despite not having the support of key Democratic Senator Joe Manchin. In an evenly divided Senate, the Democrats will need the support of every member of their party in […]
-
Uncertainty Continues for Section 174 Expensing
With the Build Back Better Act (BBBA) being all but dead in the Senate after Joe Manchin’s unexpected rejection of the bill, concerns remain high regarding the future of Section 174 of the Internal Revenue Code. Section 174 allows taxpayers to currently deduct research and experimental (R&E) expenditures, rather than having to capitalize and amortize […]
-
Deciding Between An Audit Or Review?
As companies grow and move along their business life cycle, a question frequently arises as to whether the company should have an audit or review performed. Let’s summarize the differences as well as the pro’s and con’s of both of these two types of assurance services provided by CLA and other CPA firms. Audit An […]
-
Tax Withholding Considerations For Those Receiving Equity Compensation
Back to the basics: Taking a look at tax withholding requirement for those receiving ISOs, NSOs, and RSUs.
-
New Schedules K-2 and K-3 Coming for the 2021 Tax Year
Authored by Carey M. Heyman In an effort to replace, supplement and clarify the current foreign reporting structure and to increase taxpayer compliance with the international tax provisions of the Internal Revenue Code, the IRS has introduced Schedules K-2, Distributive Share Items – International, and K-3, Share of Income, Deductions, Credits, etc. – International, for partnerships and […]
