Posted In:
Business Transactions & Corporate Counseling and Tax - Business & Corporate
Industries:
Manufacturing and Construction
Business Blog: Transformation of Commercial Construction and Manufacturing Industries Through Technology
on March 10, 2022
Businesses have been and continue to navigate issues stemming from or exasperated by the pandemic such as shutdowns, labor shortages, and supply chain issues. Additionally, businesses also have had to contend with natural disasters, strikes, cyber security breaches, politics, and most recently war. Instead of being discouraged by these challenges, some industries have met these challenges head-on and embraced the opportunity to become more efficient and effective by evaluating how things have been done in the past and how they can be improved going forward, specifically regarding the use of technology....
Posted In: Business Transactions & Corporate Counseling and Tax - Business & Corporate
Business Blog: Changes to Employee Retention Credit Provide Tax Relief for Businesses
By Brian D. Merklin on February 10, 2021
On December 27, 2020, the Consolidated Appropriations Act, 2021 (CAA) was signed into law. The CAA's purpose is to further assist businesses suffering from the coronavirus pandemic. While many of the provisions contained in the CAA may be helpful to businesses, changes to the Employee Retention Credit (ERC) are particularly intriguing....
Posted In: Business Transactions & Corporate Counseling and Tax - Business & Corporate
Business Blog: "Do you feel lucky?!" The Top 3 Trends in IRS Tax Audits and Compliance
By Terry W. Vincent on March 11, 2020
Our "voluntary compliance" tax system has historically relied upon a certain level of enforcement (both civil and criminal) to strongly encourage that cooperation. Has the level of enforcement diminished to the point that the "audit lottery" favors the non-compliant taxpayer? We think not…...
Posted In: Business Transactions & Corporate Counseling and Tax - Business & Corporate
Business Blog: Big Game LIV - "Tax-Free" In the Sunshine State
By Brian D. Merklin on January 30, 2020
As San Francisco's elite defense prepares to face Kansas City's premier offense, there are sure to be plenty of huge hits in this year's Big Game. One hit that the players won't have to worry about this year, however, is their wallets being tackled for a loss....
Posted In: Business Transactions & Corporate Counseling and Tax - Business & Corporate
Business Blog: Beware of Unrelated Business Taxable Income
By Jarman J. Smith on August 26, 2019
Many nonprofit organizations are recognized by the federal government as being tax-exempt; therefore, taxes are generally one of their lowest business concerns. However, even tax-exempt organizations may be liable for tax on any activities that generate unrelated business income. According to the Internal Revenue Service (IRS), unrelated business income is any income realized from a trade or business regularly carried on by an organization, which is not substantially related to furthering the purpose of the organization's tax exemption....
