Recent Articles
The Impact of the Inflation Reduction Act on Cryptocurrency Regulation
The IRS will receive an allocation of about $80 billion over the next ten years as part of the Act. Many in the crypto sector expect 2022 to be the year of total regulatory and legislative certainty for crypto assets...
S Corporation
“S corporation” stands for “Subchapter S corporation”, or sometimes “Small Business Corporation.” It’s a special tax status granted by the IRS (Internal Revenue Service) that lets corporations pass their corporate income, credits, and deductions through to their shareholders. S corporation...
Wayfair on State Tax Compliance
To understand the implications set forth by the Wayfair case, it is important to study the history of “Nexus” pre & post-Wayfair. Pre Wayfair In 1992, Quill Corp. V. North Dakota was a supreme court case that enforced the precedent...
What is Accounting Frameworks?
ACCOUNTING FRAMEWORKS An accounting framework is a published set of criteria that are used to measure, recognize, present, and disclose the information appearing in an entity’s financial statements. It is of paramount importance that a recognized framework is used to...