Insights

For many startup companies, money is tight and income (if any) is low. Since these companies are
not having to pay any federal or state income tax, they are generally not interested in spending money
to perform research and development (“R&D”) tax credit studies because they do not believe they can
actually use their R&D tax credits.

The Georgia Construction Outlook Survey indicates that 86 percent of the state’s privately held construction companies project a revenue increase over the prior year. The survey, released on Tuesday, was conducted by Kennesaw State University’s Construction Management Department in cooperation with Bennett Thrasher, one of the country’s largest full-service certified public accounting and consulting firms.

In a recent blog post on the website of Acuity, Brian Hamm, a Senior Manager in Bennett Thrasher’s Financial Reporting and Assurance department, explains new revenue recognition guidance issued by the Financial Accounting Standards Boards

On Wednesday, April 26th, the White House released an initial statement on President Trump’s goals for tax reform in the coming year.

On April 7, 2017, the United Nations issued a revised version of transfer pricing manual that improves the alignment of the UN’s standards for transfer pricing with those offered by the OECD. Key updates related to value chain analysis and pricing controlled transactions involving services or intangible property

In a recent article published in the Georgia Restaurant Association, Stephen Bradshaw provides insight to the tax credits Georgia restaurants and restaurant owners need to be aware of.

In a recent article published in Industry Today, Zack Leder and Ben Bowers provide insight to businesses who are preparing to file their 2016 income tax returns and highlight the changes to various requirements and tax breaks that may apply to businesses’ upcoming filings.

On January 31, 2017, the Internal Revenue Service (“IRS”) Large Business and International Division (“LB&I”) announced the identification and selection of 13 campaigns that will be the focus of the agency’s enforcement efforts.

In a recent Accounting Today article, Michael Thrasher provides guidance for how accountants and tax professionals should prepare themselves and their clients for the busy tax season

Georgia is unique amongst the states with large entertainment incentive programs in that there is no audit required to claim and sell Georgia entertainment tax credits. Nonetheless, many production companies choose to have their qualified production expenditures voluntarily audited by a third party CPA firm or by the Georgia Department of Revenue (the “Department”) as a prerequisite to selling their entertainment tax credits.