One of the Bay Area "usual suspects" is at it again – this time pushing "Section 139 Plans." IRS Section 139 states an employer can reimburse employees tax-free for "reasonable and necessary medical, temporary housing and transportation expense" they incur as a result of a disaster...
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Are you a Recovery Startup Business? You might be and not even know it. The Employee Retention Credit (ERC) continues to evolve, getting richer and crazier by the day. That means more money for your company IF you fall under the definition of a Recovery Startup...
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We have prepared tax returns for over 3,000 early-stage startups and see many R&D Credit Studies done by newly-formed R&D Study firms – we will collectively call them the “usual suspects.” You can look at an R&D Study as an insurance policy for your R&D...
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What is the California Water's Edge Election? And should your startup use it? Many startups we work with operate in the state of California and also have foreign subsidiaries. This can lead to complex tax situations, including the issue of determining income for the unitary group...
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Over the past few weeks, Accountalent has been sharing the latest updates on the most recent stimulus bill, including: If you're still wondering if you qualify for PPP2, ERC 2020, or ERC 2021, continue reading to find a simple "Yes or No" quiz on whether you...
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The new stimulus bill includes a fresh round of PPP, but the MOST important part of the bill is allowing businesses to take both the new PPP2 and Employee Retention Credit, so how do you maximize the benefit of the two? Below, we're breaking down some...
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