On September 10, 2015, the Food and Drug Administration released the final preventive controls rules to implement the FDA Food Safety Modernization Act (FSMA). The two new food safety rules aim [...]

Indeed, the slowing global economy, a still-cautious consumer, rising interest rates, a stronger dollar, and tax and regulatory uncertainty could each pose downside risks to U.S. economic growth. [...]

In December 2015, the federal R&D tax credit was made permanent by The Protecting Americans from Tax Hikes Act of 2015 (“PATH” Act). Apart from instilling confidence in US businesses to [...]

In November 2015, the IRS issued a private letter ruling circumstantiating that passthrough entities may claim unused credits on a carryforward basis. Nonetheless, the IRS also recently published [...]

Undeniably, the manufacturing sector has a large footprint in the U.S. economy. It employed 12.0 million workers in 2013, equating to 8.8 percent of total U.S. employment. In particular, the [...]

Not surprisingly, 60 percent of small-business owners say administrative burdens, like paperwork and confusing rules, are the worst part of filing — even more so than the financial cost of taxes, [...]

As the month of June advances, we are rapidly approaching October and the start of a new fiscal year. Although it may seem premature, now is a good time for businesses and individuals to take [...]

Unfortunately, only one out of twenty small and medium sized companies who are eligible for the United States R&D tax credit take advantage of it.  However, smaller companies should not be [...]

In the era of the digital age, there are few areas of our lives which are not impacted by the use of technology. The business world, in particular, is moving faster and becoming more global, more [...]

The alternative minimum tax, commonly referred to as the AMT, was designed in 1969 to ensure that wealthy taxpayers didn’t use loopholes to escape paying their fair share of taxes. The AMT [...]