The Tax Cuts & Jobs Act Influences Business Valuation

On December 22, 2017, President Donald Trump signed the Tax Cuts and Jobs Act (“TCJA”) into law.  It is the most comprehensive tax reform seen in the United States since President Ronald Reagan’s 1986 Tax Reform Act. 

Qualified Opportunity Zone Investments

Included in the Tax Cuts and Jobs Act, signed into law in December 2017, is a new tax planning technique for deferring gains from sales. By investing in Qualified Opportunity Funds, taxpayers can defer (and potentially partially avoid) gain recognition on the sale of any property.

Bennett Thrasher Contributes to DFK Transfer Pricing Handbook

Bennett Thrasher is proud to have assisted in creating an updated version of the DFK Transfer Pricing Handbook that was released recently. Ben Miller, BT Partner and DFK International Tax Committee Vice-Chair for Transfer Pricing, and the Bennett Thrasher TP team led the effort the update the Transfer Pricing Handbook, which involved collaboration with over 30 DFK member firms.

Restaurant Industry ASC 606‐ The Initial Results are Here!

ASC 606, the long awaited and much debated new accounting standard for revenue recognition in the United States has now become reality for most public companies.  Adoption of this new standard was required for calendar year public companies effective January 1, 2018, and the results of adoption have now become public with the earnings releases and 10-Q filings for the first quarter ending March 31, 2018.

What to Expect During an IRS Audit

There is a letter for you.  The return address looks ominous – as the first line reads:  Internal Revenue Service.  You opened it.  Your worst fears were confirmed.  It is the dreaded notice that your individual income tax return is under audit or, to put it in the language used by the IRS, “your return has been selected for examination.” 

ASC 606- The Early Results are In!

ASC 606, the long awaited and much debated new accounting standard for revenue recognition in the United States has now become reality for most public companies.  Adoption of this new standard was required for calendar-year public companies effective January 1, 2018, and the results of adoption have now become public with the earnings releases and 10-Q filings for the first quarter ending March 31, 2018.

Is Bitcoin Worth Considering as a Payment Method?

For many small business owners, the offer of low payment fees is a very attractive proposition. Bitcoin – a digital currency that allows low-cost peer to peer payments – offers an interesting alternative to traditional payment methods.

Peter Stathopoulos Provides Insight on Film Credit Impact to WBGH News

In a recent segment on WGBH, Boston’s public radio station, Bennett Thrasher partner Peter Stathopoulos, who leads the firm’s State and Local Tax practice and its Entertainment practice, provides insight regarding the success of Georgia’s film tax credits and as to how Massachusetts can work towards a similar outcome

Looking Under The Hood: Georgia’s New Post-Production Tax Credit Webinar Recording

Join Peter Stathopoulos, leader of Bennett Thrasher’s Entertainment Practice, for a webinar as he digs into the nuts and bolts of Georgia’s new stand-alone post-production tax credit. The discussion also includes planning considerations and likely development of the program over the next few years, based on the history of the prior film tax credit.

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