Significant IRS Audit Rule Changes to Partnerships Require Action

Congress recently enacted significant changes to partnerships’ income tax audits. These new protocols will dramatically change the Internal Revenue Service (“IRS”) partnership audit process and, quite possibly, both the amount of tax liability paid on audit adjustments and the partners who will bear the economic consequence of that tax liability.

R&D Tax Credits: Common Myths

The Federal Research and Development (“R&D”) Tax Credit allows companies engaged in qualified R&D activity to claim a tax credit for their efforts. This is a lucrative credit as it is a dollar-for-dollar offset of a company’s tax liability.

BT Promotes ‘Tigger Marshall’, Jennings Pitts to Partner

Bennett Thrasher LLP, one of the largest full-service public accounting and consulting firms in the country, has promoted to partner: Townsell G. “Tigger” Marshall III, in the Personal Financial Services practice, and Jennings P. Pitts, in the Corporate Tax practice. The firm now has 38 partners.

Good Day Atlanta Features Bennett Thrasher’s Appalachian Trail Challenge

Good Day Atlanta’s Emmy Award-winning feature reporter Paul Milliken broadcasted live from Bennett Thrasher’s hike along the Appalachian Trail on Tuesday, July 25. Milliken interviewed employees, including partner Michael Dukes and marketing specialist Allie Blessing, about how the hikes embody the firm’s active, outdoor spirit, promote team-building and have a charitable component, as well.

MAP – The Tool You Need to Navigate Business Risk in the Global Economy

News stories exposing many large multinational enterprises (“MNEs”) like Apple, Starbucks, Google, etc. for utilizing tax avoidance schemes are motivating governments and tax authorities around the world to quickly ramp up enforcement of tax rules intended to mitigate the ability for MNEs to implement such schemes.

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