Quarterly Tax Estimates Overview
“Dear Gary, I see you sent me quarterly estimates to pay. Do I have to pay them? Can I pay less than you recommend?” The above is one of the…
Accounting for Internal Use Software Costs for SAAS Companies
To capitalize or not to capitalize? Companies that sell software as a service (“SAAS”) are faced with the challenge of considering the appropriate accounting method for software development costs. In…
Should your Business Report on the Cash or Accrual Method?
Deciding between cash or accrual accounting methods for your initial business tax return? Here is what you need to know. Cash method taxpayers report income and deductions when cash is…
What if Your Holding Period Isn’t Five Years for §1202 (QSBS)?
Most entrepreneurs and early investors are familiar with the five-year holding period for §1202. This tax code section allows an exclusion on the gain of qualified small business stock (“QSBS”) of…
When to Use Restricted Stock Instead of Stock Options
I often get asked by clients whether they should use stock options, the typical “currency” of choice for their employees, or some form of restricted stock. The answer I give…