Tag: business tax

Disaster Zone Credits Extended for 2020

Employers affected by qualified disasters that occurred during 2020 may be eligible for relief up…

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form 5500 not needed retirement plans
2020 Form 5500 Not Needed for Retroactively Adopted Retirement Plans

On August 6, 2021, the IRS announced that employers who in 2021 retroactively adopt a…

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selling your business to an esop
Selling Your Business to an ESOP

An employee stock ownership plan – better known as an ESOP - can be an…

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tax considerations crypto
Tax Considerations for Investing in Cryptocurrency

This article discusses U.S. federal tax consequences for businesses and individuals that hold or transact…

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How to Realize Tax Savings When Tax Rates Increase

If the Biden Administration’s proposed rate increases are enacted, the timing of income recognition and…

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partnership tax liability
Proposal Aims to Reduce Unintended Tax Liability for Certain Partnerships

All partnerships are subject to the BBA effective for tax years beginning after December 31,…

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SPACs tax issues
Tax Issues to Consider When Navigating a SPAC Transaction

In addition to understanding the benefits of using a SPAC, it is important that SPAC…

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carried interest
Will Congress Close the Carried Interest Loophole?

The Carried Interest Fairness Act of 2021 would seek to tax all carried interest allocations…

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Biotech IPO Checklist
Biotech IPO Checklist, Part 2: Planning for Growth & Digital Transformation

We previously outlined several considerations for companies to review before reaching the IPO stage –…

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Self-Employment Tax
The Self-Employment Tax Exemption May be Ending for Some Limited Partners

The recently published Green Book contains details on changes proposed by the Biden Administration that…

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