Going Global? Find the Right Entity Structure It’s easier than ever to do business anywhere in the world. Naturally, more and more US-based companies are looking to do just that – be it by taking their own products to a foreign market or through a foreign acquisition. One of the
Indiana businesses can benefit substantially from investment and job creation through the many tax credits and incentives the State of Indiana offers. One of the more significant ones is the Hoosier Business Investment (HBI) Tax Credit – a non-refundable corporate income tax credit calculated as a percentage of the qualified
Eliminating Double Taxation on Foreign Earnings If you’re doing business globally, you may be getting double-taxed. The U.S. government wants to tax income no matter where it’s earned. Foreign governments likely want to tax you on any dollar you earned inside their borders. Isn’t there a way to avoid this
You’re most likely familiar with strategic tax planning – a powerful financial management tool that both businesses and individuals rely on to optimize their tax position. But to be truly effective, strategic tax planning must also include a detailed look at financial planning and investment management – which requires ongoing
Research & Experimentation Tax Credit Is your company continually finding ways to improve its business processes? Have you made a product or service better, faster, or more cost-effective? If you think, “Oh, that’s just part of the job,” think again. The U.S. tax code offers an incentive for companies that
Life insurance policies are a great way to pass on a large sum of money to a beneficiary when the policy holder passes away. But one often overlooked strategy is using life insurance policies to make charitable donations – and that’s a key strategy for non-profits to educate their donors
https://www.youtube.com/watch?v=iK12T-Xn9l4 Can’t watch the video? Get the transcript. There’s no green checkmark or pass/fail on a SOC report, so interpreting them can be a bit of a challenge. In this short video, top SOC reporting pros Robert Ramsay and Regina Akrong dive into what to look for, key elements of
Expect the Best. Plan for the Worst. Expecting the best and planning for the worst may seem like content for a motivational poster. But when it comes to IT and data management, it ought to be doctrine. You’ve designed your systems to run how and when you need them to
Many of us remember the emotions we felt when a school year ended and summer break began. But it’s a different story for non-profits that provide primary and secondary education services – for them, the end of the school year means rolling up their sleeves to continue the planning and
As the pandemic battered the economy in 2020, the Association of Certified Fraud Examiners predicted a rising tide of tax fraud scams that would escalate in 2021. As tax season heats up, that prediction is bearing out, and even savvy professionals aren’t immune. Here’s what you need to know, and
Secure Customer Payment Information Do you accept or process credit cards? Or do you develop software that deals with card data? Then, PCI DSS applies to you. The Payment Card Industry (PCI) data security standard is a set of security standards that apply to any company that accepts, processes, stores,
At first glance, the new payroll-tax deferral plan appears to provide relief to employees struggling in the wake of the sweeping economic devastation caused by the global pandemic – but know that there are substantial risks to both employees and employers in participating. What the Payroll Tax Deferral Plan Does