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Deduction Rules for Accrued Liabilities: Chargebacks Edition

Chargebacks previously explained in our article titled, “What Are Chargebacks, and Why Are They Important?” are contracts between wholesale customers…

Tim TorresSeptember 8, 2023

Articles Business Tax Tax Law Resources

Transparency in Action: The Corporate Transparency Act and its Impact on Businesses

The Corporate Transparency Act is a significant piece of legislation that aims to increase transparency and accountability among companies operating…

Tim TorresJuly 12, 2023

Articles Business Tax Life Sciences & Pharma

Debt for U.S. GAAP but Revenue for Tax: Understand How This Can Happen

Recently we’ve encountered a unique situation highlighting the importance of analyzing the underlying agreements and transactions under the lens of…

Tim TorresJune 23, 2023

Articles Business Tax Life Sciences & Pharma

New Convertible Debt Standard

New Convertible Debt Standard Convertible debt is a type of financial instrument that a company can issue to raise capital…

Rob StarinkMay 10, 2023

Articles Business Tax Individual Tax Tax Services

Turbotax Filers May Soon Be Receiving Settlement Checks

TurboTax filers may soon be receiving settlement checks. While our clients rely on our firm to prepare their income tax…

Justin HughesMay 9, 2023

Articles Business Tax International Commerce Group International Tax

Action Required for U.S. Business Entities with Foreign Ownership

Action Required for U.S. Business Entities with Foreign Ownership BEA BE-12 Survey Filing Required by May 31, 2023 Like the…

Franchelly Diaz ColonApril 4, 2023

Articles Business Tax International Commerce Group International Tax

The Flexible U.S. Tax Entity Classification Election System

U.S. Entity Taxation and Check-The-Box Election In the U.S. tax system, an entity can be thought of as either a…

Franchelly Diaz ColonMarch 29, 2023

Articles Business Tax Life Sciences & Pharma

Expanding Your Cap Table? Watch out for Tax Trap 382.

Expanding Your Cap Table? Watch out for Tax Trap 382. There is a significant amount of money spent on research…

Karen ArtasanchezMarch 27, 2023

Articles Business Tax Individual Tax Tax Services

What You Need to Know About the NJ ANCHOR Program

What you need to know about the NJ ANCHOR Program The NJ ANCHOR (Affordable NJ Communities for Homeowners & Renters)…

Justin HughesJanuary 31, 2023

Articles Business Tax Individual Tax Tax Services

How to Treat Cancellation of Debt on Your New Jersey Income Tax Return

The New Jersey Division of Taxation recently referenced their position on how to treat certain loans, grants, and cancellation of…

Justin HughesNovember 1, 2022

Business Tax

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