Jun 2, 2025 | Firm Updates, High Technology
Qualified Small Business Stock (QSBS) exclusions for tax purposes under Section 1202 incentivize investors to take risks on startup companies. A shareholder with QSBS could potentially be eligible for a 100% tax exclusion on capital gains. For a shareholder’s stock...
Feb 19, 2024 | Firm Updates, High Technology
Section 382 of the Tax Code is applicable to a loss corporation, defined as a corporation that has accumulated net operating losses. Many start-up companies in high-tech industries incur substantial research and development expenses and remain unprofitable for...
Nov 8, 2023 | Firm Updates, High Technology
The Tax Cuts and Jobs Act (TCJA) passed in December of 2017 made a significant change to the treatment of specified research and experimental expenditures (SRE) covered by Sec. 174. Effective for tax years beginning after December 31, 2021, Section 13206 of the TCJA...
Aug 2, 2023 | Firm Updates, High Technology
The revenue recognition standard, ASC 606, applies to all industries; however, there are certain unique items to consider when accounting for software and software-as-a-service (SaaS) contracts under these rules. Two important terms to understand before determining...
Feb 1, 2022 | Firm Updates, High Technology
Research & Development Credit The research and development (R&D) credit is a federal tax credit available to U.S. companies for increasing research activities. The research must be undertaken for discovering information that is technological in nature, and its...
Apr 2, 2021 | Firm Updates, High Technology
There are several credits available to high technology companies located in New York State, many of which are directed to companies that incur research and development expenses. The most readily available tax credit for NYS companies performing R&D activities is...
