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Latest Blog Posts

Flexing State Tax Muscle: The Evisceration of Public Law 86-272

Jun 6, 2023
U.S. Public Law 86-272 provides enormous protection from state income tax in instances where a company has limited activities within a state. If a taxpayer falls within the scope of the federal law, it will not be subject to a particular state’s income tax. However, there has been an uptick in states challenging taxpayers’ protection claims under Public Law 86-272 , so much so that some see an attempt to eviscerate it.
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Mandatory Amortization of Research Expenses: What CPAs Must Know

Jun 5, 2023
The Tax Cuts and Jobs Act of 2018 contained a provision mandating that, beginning in tax year 2022, Section 174 expenses must be amortized over five years, or 15 years in the case of foreign R&E, and may no longer be immediately deducted. There are several implications to this change.
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Young Professionals: Remember the Importance of Networking

Jun 1, 2023
Networking is vital. It exposes young professionals to diverse perspectives, experiences, and expertise. Elijah Goosby shares his experience at the PICPA 126th Annual Meeting, and wishes you were there.
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