Types of Bankruptcy and Their Tax Implications When businesses or individuals face financial distress, filing for bankruptcy can be a strategic move to manage overwhelming debt. Understanding the types of…
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In the sale of a business, the difference between personal goodwill and enterprise goodwill can significantly impact the final proceeds realized by the owners. In many cases, business operations are…
IRS Updates Requirements for Amended R&D Tax Credit Claims On June 18, 2024, the IRS updated the information required for a taxpayer to submit a Research and Development (“R&D”) tax…
In the context of mergers and acquisitions, being prepared is not just an advantage — it’s essential. Sellers who begin negotiations armed with clarity, confidence, and a thorough understanding of…
Understanding Conservation Easements and Their Tax Implications Conservation easements are legal agreements that permanently limit the use of land to protect its conservation values. These easements are often donated to…
Corporate jets offer unparalleled convenience and efficiency for business travel, but with these benefits come complex tax implications. The IRS has recently increased its scrutiny of corporate jet usage, particularly…
Taxpayers conducting multistate business operations throughout the United States are subject to myriad business taxes and other compliance obligations. Most taxpayers are familiar with corporate business taxes, sales and use…
As the IRS gears up for an intensified crackdown on tax compliance, taxpayers must brace themselves for a potential surge in audits. Understanding who might be targeted, preparing adequately for…
Bennett Thrasher, one of the nation’s largest and fastest-growing certified public accounting and consulting firms, announces the promotions of Tim Brunelle and Chris Roane to partnership. Brunelle and Roane provide consulting and advisory services in the firm’s Tax and Dispute Resolution & Forensics practices.
Bennett Thrasher, one of the nation’s largest and fastest-growing certified public accounting and consulting firms, announces the promotions of Tim Brunelle and Chris Roane to partnership. Brunelle and Roane provide consulting and advisory services in the firm’s Tax and Dispute Resolution & Forensics practices.
