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What California Pre-revenue Companies Need to Start Now to Preserve State Net Operating Loss Carryforwards

Tom Brehmer Income Tax, Tax Planning, Tax Services, Tax Strategy

If you are a pre-revenue CA domiciled company with employees in other states, you need to sell something before December 31, 2016. Not sure what to sell? Keep reading… Last week, I went to battle with Big Accounting over the reporting of California net operating loss (NOL) carryforwards. My client has one office… in CA; has 98% of its employees …

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Attention Start-Ups: Extended R&D Credit Has Unexpected Use

Tom Brehmer Income Tax, Tax Services, Tax Strategy

There’s a newly refreshed federal R&D tax credit waiting for you to take advantage of and I wanted to get you up to speed on it. The research & development tax credit has now been made permanent. The changes take effect immediately. For many start-ups and small businesses, this means you can use this credit to off-set payroll taxes. You see, …

My Experience at VPTax

It’s a Different Experience Working at VPTax

Linnet Wong Income Tax, Property Tax, Sales Tax, Tax Services

I’d spent 13 years working at Big 4 and national CPA firms, but my eyes were opened when I joined VPTax three months ago. It didn’t take long to realize VPTax is much different than traditional accounting firms. It starts with its hands-on focus with employees. While VPTax doesn’t have a formal work/life balance program, we work in a fun …