Newburg | CPA Tax Brief March 23, 2022 Summary The FASB issued ASU 2021-07[1] (“Update”) to address the concerns from stakeholders about the cost and complexity of determining the fair value of equity-classified share-based awards for private companies. It specifically permits private companies to use 409A valuations prepared under [...]
Newburg | CPA Tax Brief March 17, 2022 If charitable giving is important to you, consider a donor-advised fund (DAF). A DAF — typically sponsored and managed by a community foundation or commercial investment company — offers many of the benefits of a private foundation at a fraction of [...]
Newburg | CPA Tax Brief March 10, 2022 The COVID-19 pandemic exposed the fissures in global supply chains, with recent disruptions proving costly, complex, and chronic. Manufacturers will likely continue to face headwinds in 2022, a cause for concern following a turbulent year. Constraints on transportation and capacity, supply [...]
Newburg | CPA Tax Brief March 8, 2022 Introduction If you’re a technology company founder or CEO, chances are good that you receive a number of messages from private equity (PE) firms interested in acquiring your business on a regular basis. Among the many emails may be the perfect [...]
Newburg | CPA Tax Brief March 3, 2022 If you donated to charity last year, letters from the charities may have appeared in your mailbox recently acknowledging the donations. But what happens if you haven’t received such a letter — can you still claim a deduction for the gift [...]
Newburg | CPA Staff Writers February 25, 2022 The Commonwealth of Massachusetts launched a new grant program of $75 million to support small businesses that were adversely impacted by the COVID-19 pandemic. Massachusetts Growth Capital Corporation (MGCC) will administer the two different grants programs: New Applicant Grant Program $25 [...]
Newburg | CPA Staff Writers February 24, 2022 If you operate a business, or you’re starting a new one, you know you need to keep records of your income and expenses. Specifically, you should carefully record your expenses in order to claim all of the tax deductions to which [...]
Newburg | CPA Staff Writers David R. Natan, CPA, MST, CVA -- February 14, 2022 Avoiding surprises when acquiring a company should be tantamount in the eyes of the buyer. One of the keys to a successful acquisition is the integration of the Net Working Capital Peg not [...]
Newburg | CPA Staff Writers - February 11, 2022 (with excerpts from IRS.gov and childtaxcredit.gov) Eligible parents and guardians who filed their 2019 and 2020 tax returns and claimed qualifying children may have automatically received half of their 2021 anticipated total Child Tax Credit amount in advance. Based on [...]
Newburg | CPA Tax Brief (02/11/2022)Newburg | CPA Staff Writer - David R. Natan, CPA, MST, CVA -- February 4, 2022During an acquisition, buyers need to be extra careful when reviewing interim internal accrual based financial statements for completeness and accuracy. Quite often the application of the more popular [...]
