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Understanding private foundation distribution requirements. Information on the 5% payout requirement and the difference between charitable and non-charitable use assets. The IRS determines non-charitable and charitable-use assets as follows.

The litigation financing industry has experienced significant growth in the US. Litigation financing firms typically provide a nonrecourse advance for the legal costs of a plaintiff or their lawyers in exchange for a share in the potential settlement.

Identifying and understanding key performance metrics is a necessity for all law firms. An important law firm metric is realization, which is a key indicator as to whether the firm is actually earning what it believes it is earning. Suggestions on how to improve realization rates.

Technology and life sciences companies that choose to incorporate in Delaware must pay an annual franchise tax. This article discusses how the tax is calculated, filing and payment due dates and other requirements applicable to for-profit C corporations that incorporate in Delaware.

As technology or life sciences companies grow, it’s likely that their nexus footprint does too. Sales tax nexus is critical to determining whether an out-of-state vendor has an obligation to collect sales tax on sales into a particular state.

Changes to the R&D credit under the PATH act are designed to provide an immediate tax benefit including payroll taxes and the AMT. However, due to the potential complexities involved, it is recommended companies work with their tax advisor.

The good news: There has never been a better time to be in the biotech sector. The bad news: There is simply not enough workspace to meet the burgeoning demand.

John Pennett’s Life Sciences practice ranges from fledgling companies in incubators to global pharmaceuticals, but his insights here on implementing compliance controls, assessing reputational risk and vetting third-party vendors are widely applicable.

The House of Representatives passed HR 37 which includes a voluntary exemption for emerging growth companies to choose not to utilize XBRL for financial statement reporting with the SEC. Does HR 37 represent a major setback to data transparency and is XBRL data of limited utility?

Royalty accounting tips for licensors and licensees. Properly reporting and accounting for royalties can be challenging and complex. No matter how technical royalty and contractual obligations may be, there are a number of straightforward actions to consider and take.

All companies must follow the New Revenue Recognition Standard - Revenue from Contracts with Customers. Contracts in the life sciences and technology industries have characteristics that have the potential to be significantly affected by the new Revenue Recognition Standard.

One of the tasks of a forensic accountant is to prepare a marital balance sheet to help facilitate the division of the marital assets/liabilities.

Damages in civil cases are typically monies that the liable defendant is to pay to the plaintiff as compensation for the wrongful act. Generally, there are two different approaches to considering this question: Lost profits, and diminution of value.

This article features five qualitative and quantitative opportunities to increase profits and cash flow and improve your company’s capital structure and overall morale.

An analysis by senior risk professionals throughout the globe into the state of the anti-bribery and corruption (“ABC”) landscape for 2021.

Although there are numerous benefits for both employers and employees in a work from home world, this new work environment is causing a modern twist on old workplace fraud threats through time theft, payroll fraud, data theft, and hiring scams.

The rapidly growing cannabis industry can be especially vulnerable to cash fraud activities such as larceny, skimming and fraudulent disbursements. Thus, proper internal controls and training become even more critical for a cash-heavy business.

In order to arrive at the proper valuation of a business, you must examine three key areas: reporting levels, standard of value (fair and fair market), and discounts and premiums.

A discussion of the common types of bankruptcy fraud including concealment of assets, undervaluing assets, and credit card fraud—along with the consequences of perpetrating bankruptcy fraud.

When a partner in the business turns to workplace fraud and theft, red flags to look for and what you should do to mitigate.