A change in the tax code that went unnoticed by many business owners is "potentially one of the scariest things that could happen to technology startups in recent years.” Surprise tax bills are ...

Across the U.S. accountants are about to experience an income tax season that threatens business survival as a result of new research and experimentation expenditure treatment under Section 174.

It wasn’t expected to go into effect. In December 2017, the Tax Cuts and Jobs Act of 2017 was passed, delivering corporate tax cuts and higher standard deductions. Who was going to pay for it?

In early September, I published an article seeking guidance from the IRS on how to implement the new capitalization rules under IRC Section 174, which was effective on Jan. 1, 2022. Much to my ...

Last year, I wrote an article detailing the tax law change that took effect on January 1, 2022, trying to warn tech companies about the potential effect on cash flow if they have significant research ...