“Data Processing Services” And Sales And Use Tax

utilizing data processing services

The characterization and taxability of “data processing” is a complex and hotly contested area. The definition of “data processing” was implemented in 1987, and has not been substantially updated. As all readers are aware, in that same time span the use of computers has evolved from being little more than an afterthought to being an…

Read More

What You Need to Know About Securing a Corporation Tax Loan

a business person counting hundred dollar bills

For a business, sometimes unforeseen expenditures can arrive during an inconvenient time in the company. This is especially true when operating your business overseas. When those financial issues occur, it’s difficult to overcome them without some kind of assistance from an external source. Here we’ll examine what kind of help can be found when you’re…

Read More

The R&D Tax Credit, Explained

The R&D Tax Credit is the closest thing to free money for tech startups. To summarize: a startup can claim a percentage of each employee’s payroll as long as the work they’re doing relates to research and development. The amount you can claim per employee is related to the amount of time they actively spend on R&D.…

Read More

Families First Coronavirus Response Act: What Does it Mean for Small Businesses?

The Families First Coronavirus Response Act is one of several acts passed in response to the COVID-19 crisis but the first bill to directly address the economic crisis and the challenges faced by individual taxpayers and businesses. While the first legislative response focused on emergency preparation and measures in response to the coronavirus, the new coronavirus aid package aims…

Read More