In my previous article, How to Start a Global Sales Strategy for Your Exports , I discussed some significant incentives and resources Maryland offers manufacturers that are considering an export initiative. This second article of the three part series will look at tax structures for exporters and the incredible...
Transfer pricing continues to be one of the most important matters facing multinational companies. The tax situation in any given country can affect whether or not your business sets up facilities or holds intellectual property ownership there. The IRS and numerous tax authorities worldwide are intensifying their focus on...
Many companies use independent contractors to slash payroll taxes and the high cost of fringe benefits. But using outside workers can result in other problems. It’s no secret that Uncle Sam wages battle with businesses over freelancers. And the situation is getting worse.
Most people hear the phrase “Research and Development” or “R&D” and think “That doesn’t apply to me”. They think the term implies only to the use of scientists in a lab. In reality, the definition of Research and Development as it pertains to the income tax credit is quite...
When a professional corporation sells its assets or liquidates, one important tax issue is whether the corporation or the shareholder-employees own any appreciated professional goodwill (with a fair market value in excess of tax basis).
Slow-moving inventory is easy enough to discount or liquidate, but there’s another option that can give you more of a benefit: donate that stock or computer equipment to charity.
If you own a business that produces something in the United States you may be eligible for the Domestic Production Activities Deduction also known as DPAD. Businesses engaged in any of the following activities should review their tax returns for this deduction.
Whenever you sell a business or an investment property and you have a gain, you generally have to pay tax on the gain at the time of sale. IRC Section 1031 provides an exception to this and allows you to postpone paying tax on the gain if you organize...