Articles Archives

Articles Business Tax Life Sciences & Pharma

Revenue Recognition Issues: ASC 606 and The Corresponding Tax Treatment

Life science companies enter into different types of contractual agreements, and each type has its own characteristics when it comes…

Tim TorresNovember 15, 2023

Articles Business Tax Tax Law Resources

IRS Announces Process to Withdraw Erroneous ERC Claims

The IRS urges business owners who filed claims for an Employee Retention Credit (ERC) to revisit their eligibility and promptly withdraw any…

Stephanie HolstonNovember 10, 2023

Articles Community Associations Multimedia WG Podcast

New Regulations Impacting Recent and Future Community Associations in New Jersey

We are now beginning to see the effects of the recently implemented changes in the Planned Real Estate Development Full…

Mohammed SalyaniOctober 2, 2023

Articles Business Tax Life Sciences & Pharma

Maximize Donations of Pharmaceutical Drugs

For pharmaceutical companies that aim to improve cash flow while serving the public good, Internal Revenue Code (IRC) 170(e)(3) provides…

Tim TorresSeptember 8, 2023

Articles Business Tax Life Sciences & Pharma

Deduction Rules for Accrued Liabilities: Chargebacks Edition

Chargebacks previously explained in our article titled, “What Are Chargebacks, and Why Are They Important?” are contracts between wholesale customers…

Tim TorresSeptember 8, 2023

Articles Individual Tax State and Local Tax

New Jersey Back-to-School Sales Tax Relief

The state-wide sales tax holiday is approaching from August 26 to September 4, 2023. This limited time offers a chance…

Grace LeeAugust 10, 2023

Articles Employee Benefit Plan Audits WG Podcast

SECURE Act 2.0 and the Major Provisions Impacting Your Retirement Savings Plan

The SECURE Act 2.0 (Setting Every Community Up for Retirement Enhancement Act) (“Act 2.0”) became law on December 29, 2022,…

Valerie ThorpeJuly 31, 2023

Articles International Commerce Group International Tax

NJ Corporate Tax Legislation Reforms Treatment of Foreign Income

In a new law aimed to make the State of New Jersey more tax-friendly for corporate taxpayers, Governor Murphy recently…

Robert EwanisJuly 19, 2023

Articles Mergers & Acquisitions Tax Services

Tax Implications of Selling Stock vs. Selling Assets

Business owners contemplating a sale of their business need to understand the different types of transaction structures and the related…

Jimmy MontgomeryJuly 18, 2023

Articles Life Sciences & Pharma Technology

New Jersey Continues to Promote Research & Development

The Federal tax law changes surrounding research and development (R&D) expenses (Internal Revenue Code Section 174), which became effective January…

Tim TorresJuly 18, 2023