Category: Taxes

12/12/2024

Maximize Your R&D Tax Credit: Adapting to New Section 174 Requirements with Better Time Tracking

Learn how to adapt to the new Section 174 requirements introduced by the Tax Cuts and Jobs Act with effective time tracking. Discover strategies to maximize your R&D Tax Credit, meet compliance needs, and reduce tax burdens for research-intensive businesses like IT, biotech, manufacturing, and software.

12/04/2024

The Case for Compliance: The Strategic Advantage of Detailed R&D Reporting

Discover how detailed R&D reporting goes beyond compliance to enhance financial accuracy, strengthen audit readiness, and prepare businesses for regulatory changes—unlocking strategic advantages and maximizing tax credit potential.

11/14/2024

Labor Cost Capitalization: Why Proper Time Tracking Matters

Learn how to supercharge firm profitability with effective resource utilization for profitability improvement. This guide offers insights into enhancing profit margins, strategic financial planning, and resource management for professional services firms seeking sustainable growth.

08/14/2018

Functional Expenses Are Changing: FASB’s New Nonprofit Standards

FASB Accounting Standards Update (ASU) 2016-14 was issued in August 2016 after a significant amount of time deliberating the issues...

06/22/2018

Small-Business Accounting: Can Entrepreneurs Do It All?

Small-business owners have a million worries: How can I grow my business? Will I hit my sales goal this month?...

06/19/2018

1099 vs Employee: Everything You Need to Know

The workforce has two primary types of labor: employees and independent contractors – commonly referred to as a 1099. This...

07/28/2016

Are You Eligible for an R&D Tax Credit?

How can you get an R&D tax credit for your business? What are the U.S. and U.K. regulations?