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...
So you’re in the market for a new accountant? Well it’s time to think about the issues important to you and see how the candidates stack up. Choosing the right accountant is important. Besides operational needs, often times they become a trusted advisor you look to during critical times....
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.
When your company sponsors a qualified retirement plan, you must comply with complex rules established by the IRS and the Department of Labor. Ignore the rules and your firm could face costly penalties from federal regulators — and plan participants might sue you for mishandling trust assets.
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).
You don’t have to become a tax expert but it helps to know about new tax rules so you won’t be caught off guard. Here are the top deadlines and rules you should be aware of in the next few weeks and months:
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.
How many times have you traveled for work in the past year? How many times have you sent employees out of town on business? Ever thought that there might be some tax implications involved with your travel expenditures? In an ever growing society where service demands are running high...
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