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 ...
The long wait for substantive guidance under Section 174 ended late last week with the release by the Department of the Treasury (Treasury) and the Internal Revenue Service (IRS) of Notice 2023-63 ...
On September 8, 2023, the Department of Treasury (the Treasury) and the Internal Revenue Service (the IRS) released Notice 2023-63 (the Notice), which sets forth the Treasury and the IRS’s intent to ...
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.
A bipartisan bill reintroduced in Congress last month could offer long-awaited relief to small tech companies hit hardest by an obscure federal tax change — one that many founders say is threatening ...
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?
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 ...