BPM ARTICLES
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Internal Revenue Service Releases Final Report on Tax-Exempt Colleges and Universities for Noncompliance Issues In 2008 the IRS asked 400 colleges and universities to fill out detailed questionnaires. Based on their responses, as well as information provided on Form 990, the IRS selected 34 colleges and universities for examination. |
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Internal Revenue Service Comments on Internet Fundraising by Tax-Exempt Organizations In an information letter to Congressman Peter Welch (D-VT), the IRS advised that no prohibition exists against a section 501(c)(3) organization using an internet fundraising platform to raise funds |
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Maintain Your REP For tax purposes, whether or not one counts as a "real estate professional" depends largely on "material participation" in managing rental properties. |
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Cost Segregation: Take Advantage of Tax Benefits That Are Set to Expire at the end of 2013 Office building owners and their tenants have long understood the value of depreciation expense in relation to cash flow. Depreciation expense is a deduction that reduces taxable income and thereby increases after-tax cash flow. |
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SEC Issues FAQ's on Title II of JOBS Act, Concerning Registration of Entities Advertising Reg D Offerings Overturning a long standing prohibition restricting general solicitation of Regulation D offerings, called 'private placements,' Title II will permit entities to operate mechanisms to offer securities subject to Reg D without having to register as a broker dealer with the Commission- as long as such entities do not receive compensation for selling such securities. |
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IRS Delays Application of Repair Regs Until 2014 The IRS has indicated that it plans to make changes to temporary regulations regarding treatment of expenditures incurred in selling, acquiring, producing or improving tangible assets. The effective date of the Repair Regs has been delayed to January 1, 2014. |
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The 45L Credit: Are You Taking Advantage of the New Energy Efficient Home Credit? Restored and extended by the 2012 Taxpayer Relief Act, this credit applies to eligible contractors who can take either a $1,000 or $2,000 tax credit for each qualifying new energy efficient home. |
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Testing Indefinite-Lived Intangible Assets Life science companies with indefinite-lived intangible assets are required to undergo annual testing for impairment. The FASB last year issued new guidance in ASU 2012-02 designed to simplify this potentially costly procedure. |
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Restricted Stock – What you should know about restricted stock accounting and its tax implications This article will examine the nature of restricted stock and restricted stock units (RSUs), and how restricted stock is accounted for and taxed. |
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Keys to Effective Cash Flow Management for Business Owners In today's business world, cash is king. By creating a strategic cash flow forecast, business owners can redefine the efficiency and effectiveness of financial management in their company. |
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California Tax Update: How to Use Recent Tax Law Changes to Your Advantage This article will discuss how your company can successfully adapt to the recent changes in California tax law due to the last election and recent Franchise Tax Board ruling. |
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Revenue Recognition in Cloud Computing Cloud computing- also known as “software as a service” or “SaaS”- presents some unique accounting challenges, particularly when it comes to the complicated rules of revenue recognition. |
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Person of Interest: Avoiding Common Mistakes with Interest Deductions One of my favorite parts of the day as a tax professional is when a client calls up with a question that starts something like this: “I was talking with a friend at a cocktail party last night and they told me how they deduct all the interest they pay on their car loans on their tax return. |
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Start Year-End Tax Planning with these Tips The 2011 tax year is coming to a close and now is the time to consider tax planning opportunities that need to be executed before Decemeber 31, 2011. |
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What Your Business Needs to Know About the Medical Device Excise Tax Beginning on January 1, 2013, a 2.3 percent excise tax will be imposed, under Sec. 4191 of the Internal Revenue Code, on sales of “taxable medical devices” by the manufacturer, producer or importer. |
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Year-End Regulatory Reminders for Broker Dealers and Investment Advisers As 2012 rapidly comes to an end, it's important for broker dealers and investment advisers to be aware of upcoming regulatory deadlines. |
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Founder Stock Gone Wild Dilution is a dirty word in our industry, and when founders see it happening unexpectedly, it really hurts. In the second quarter of 2012, the founders of a San Francisco-based... |
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Tax Planning for Individuals and Businesses – The Countdown to 2013 Continues With the end of 2012 and the Bush-era tax cuts rapidly approaching, now is the time for individuals and businesses alike to consider these tax planning strategies in preparation for 2013. |
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Tax Tips for Business Owners: Year-End Planning Starts Now Business owners of all entity types should consider reversing common year-end tax strategies as 2013 brings an expected increase in personal income tax rates. |
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Repairs versus Improvements: New Rules for Deductibility and Tax Saving Opportunities The IRS issued new regulations for acquiring, producing, or improving tangible property. Taxpayers should take steps to comply with the regulations now, but also be aware of tax saving opportunities. |
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Three Accounting Pitfalls for Fast-Growing Companies Growth is great, but there are times when it can also create major accounting pitfalls for small, rapidly-expanding companies. |
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Expense or Capitalize: New IRS Rules If you make repairs or improvements to your buildings in 2012, you'll want to learn the latest IRS changes to capitalization regulations. |
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New California Apportionment Rules and Potential Tax Savings Understand which apportionment method will reduce your state tax liability under the new California apportionment regime. |
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A Fresh Start for Your Financials After Chapter 11 For companies facing Chapter 11 bankruptcy, even a solid restructuring plan isn't enough to get up and running again. Apply these principles of fresh-start reporting and put the life back into your business. |
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Surviving a 1031 Exchange Audit 1031 exchanges are one of the top examined tax issues for auditors. Investors and business owners should be aware of the audit examination process and the general 1031 exchange rules. |
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Fair Value Measurements for Nonprofit Contributions Certain nonprofit contributions create unique challenges in measuring fair value. Understanding how to determine and apply the proper methods in fair value measurement is a must for nonprofits. |
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IFRS Convergence - What it Means and Where it Stands The discussion of IFRS convergence has been around for a few years now, yet many U.S. businesses are unclear as to where it stands. Dive into this status update and understand where IFRS convergence is heading. |
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Establishing an ESOP: Benefits and Considerations An Employee Stock Ownership Plan (ESOP) can be a powerful component to a company's employee benefit plan. Use this list of benefits and other considerations to determine if an ESOP is right for your company. |
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Section 382 Ownership Changes and the California Combined Report Section 382 ownership changes greatly affect the filing of federal consolidated income tax returns and California combined reports. Understand the differences between the two, and how to apply Section 382 in their filings. |
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Corporate Code Section 2000 and its Impacts on Dissenting Shareholders Disputes amongst corporate shareholders is all too common not only in California, but also throughout the US. Understand the risks that affect both parties involved in a Corporate Code Section 2000 proceeding. |
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