If you’re the owner of a profitable operating business selling into foreign countries, and most of your production costs are in the U.S., you may have an opportunity to gain considerable tax savings.
What is an IC-DISC? Don’t Miss Out on Valuable Export Tax Incentives
Posted by bgoricki on Apr 8, 2015 12:51:58 PM
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Topics: Tax, Uncategorized
Small Business Tax Planning Strategies: IRS provides ACA relief for certain premium reimbursement plans
Posted by bgoricki on Mar 26, 2015 2:07:27 PM
On February 19, 2015, the IRS issued Notice 2015-17, which provides some interim relief for small employers from the excise taxes that could be imposed for non-compliance with the Affordable Care Act (ACA). Details are as follows:
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Topics: Tax, Uncategorized
What is an IC-DISC? Don’t Miss Out on Valuable Export Tax Incentives
Posted by bgoricki on Mar 26, 2015 1:53:01 PM
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Topics: Tax, Uncategorized
Companies with profitable export sales may realize permanent tax savings by utilizing an Interest-Charge Domestic International Sales Corporation (IC-DISC).
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Topics: IC-DISC, Tax, Uncategorized
U.S. and India reach transfer pricing agreement.
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Topics: Transfer Pricing, Tax, Uncategorized
Georgia Film Tax Credits a Draw for Entertainment Industry
Posted by bgoricki on Feb 20, 2015 4:30:09 PM
Entertainment and taxes rarely come up in the same conversation. But when it comes to the state of Georgia, they are a great opening act for a rapidly growing industry. At a time many states are eliminating or scaling back their film industry tax credits, Georgia has one of the most competitive incentive programs in the country.
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Topics: Tax, Uncategorized
R&D Tax Credit and Software Development: Taxpayer Friendly Regulations Proposed
Posted by bgoricki on Feb 20, 2015 2:47:39 PM
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Topics: Tax, Uncategorized
Converting a Residence to Rental Property: IRS Tackles Interaction of Gain Exclusion and PAL Treatment
Posted by bgoricki on Feb 19, 2015 4:07:19 PM
It’s not unusual for someone to convert a residence into a rental property. But such conversions can raise some thorny tax questions when the home is subsequently sold.
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Topics: Tax, Uncategorized
In a recent decision, the Georgia Tax Tribunal held that a Georgia resident taxpayer was entitled to deduct pass-through income which was subject to the Revised Texas Franchise Tax (TFT) in computing his Georgia taxable income. This has the potential to create refunds and reduced tax liability for Georgia owners of partnerships, LLCs and S-Corporations with Texas operations.
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Topics: RTFT, Georgia Tax Tribunal, Revised Texas Franchise Tax, Tax, Uncategorized