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entity choice and why it matters for tax planning

Entity Choice and Tax Planning

Entity Choice and Why It Matters for Tax Planning:
You’ve decided to start your own company, but how do you want to be taxed?
In this article, our very own Richard Tullier, CPA discusses some of the key differences between Partnerships and S Corporations.

Position your company for a smoother sale process

Preparing to Sell Your Business

The idea of selling a business can be daunting: finding a buyer and managing the process all while continuing to run the business may cause owners to wait until they need to sell. An owner can, however, take steps to alleviate the stress and uncertainty of selling, while helping to achieve the best value for the business. In this article, our friends at BDO USA provides recommendations that can position your company for a smoother sale process, whether selling to an internal buyer, a financial buyer, or a strategic partner.

MANDATORY CAPITALIZATION OF R&E EXPENSES – THE IMPACT ON LIFE SCIENCES COMPANIES

Our friends at BDO explain that Research & Experimental (R&E) expenditures after December 31, 2021 will no longer be immediately tax deductible. Instead, businesses are subject to mandatory capitalization of R&E expenses – now they must capitalize and amortize these expenditures over a period of either 5 or 15 years, depending where the research takes …

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PLANNING FOR THE SOLAR ENERGY INVESTMENT TAX CREDIT: IRS Construction deadlines and qualifying percentages

  Solar energy Investment Tax Credit aside, solar energy is a popular choice for businesses looking to reduce their carbon footprint through alternative energy sources. In addition to supporting a company’s environmental, social, and governance (ESG) strategy, converting to solar energy potentially can lock-in lower energy rates. Our friends at BDO explain in this article …

PLANNING FOR THE SOLAR ENERGY INVESTMENT TAX CREDIT: IRS Construction deadlines and qualifying percentages Read More »

Tech is Bringing Efficiencies to Back of House – Restaurant Update

From the drive-through speaker to QR code menus, restaurant patrons are familiar with technology that streamlines front of house restaurant operations. Recent years have seen increased focus on innovation at the back of house. Though not necessarily visible to the average customer, changes underway will have a profound impact on customer experience. Tech is bringing …

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Legislative Update! Louisiana Partnership Requirements

  During the 2021 regular Louisiana Legislative Session, Act 287 was passed for new Louisiana partnership requirements, and Richard Tullier, CPA and Allison Civello, CPA provide this summary. This Act requires all partnerships doing business in Louisiana to file the LA Form IT-565 and thus requires all partnerships to obtain a Louisiana Revenue Account Number. …

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