Articles Archives

IRS Announces Voluntary Disclosure Program for Erroneous ERC Claims

The IRS recently announced a Voluntary Disclosure Program (“VDP”) for employers who filed erroneous Employee Retention Credit (“ERC”) claims. Announcement…

Stephanie HolstonJanuary 11, 2024

Articles Business Tax Life Sciences & Pharma

Licensing or Sale of Intellectual Property

Collaboration agreements are often seen as a means for life sciences, biotechnology, and other companies to share the risks often…

Tim TorresDecember 7, 2023

Articles Business Tax Life Sciences & Pharma

Licensing or Sale of Intellectual Property in a Collaboration Agreement

Collaboration agreements are often seen as a means for life sciences, biotechnology, and other companies to share the risks often…

Tim TorresDecember 5, 2023

Articles Business Tax Life Sciences & Pharma

Collaboration or Partnership: Defining Which Is Best

Today’s economy is strife with soaring costs, and every business feels the impact. Look no further than development-stage life science…

Tim TorresNovember 30, 2023

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

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