Leah Belanger Archives - Page 2 of 2

Easing The Pain of Research & Experimental (R&E) Expenditure Capitalization

The new Section 174 rules require taxpayers to capitalize and amortize R&E costs incurred in taxable years beginning on or after Jan. 1, 2022. Amortization is calculated using a straight‐line recovery period of either five years for costs incurred in…

What businesses need to know about the recent Research and Development changes

Written by: Leah Belanger, CPA, MSA The world of tax law is constantly shifting, creating challenges and opportunities for businesses. One recent change that has generated considerable confusion and debate involves alterations to tax incentives for Research and Development (R&D)…

The Future of Cryptocurrency

Written by: Leah Belanger, CPA, MSA and William Cooper, CPA Cryptocurrencies have been making their mark on financial services for over a decade. But the past year has seen incredible highs and lows, with the crypto market losing over $2…

Secure Act 2.0 Updates Retirement Plans Starting in 2023

The new Secure Act 2.0 legislation expands upon the Secure Act of 2019 with updates to retirement savings plans across the country. Here’s what you need to know. Automatic Enrollment Requirements Plan sponsors of 401(k) and 403(b) plans will be…

Time to Make Your Business Year-End Tax Moves

With increasing costs due to inflation putting a strain on cash flow, lowering your tax liability is one way to help your business. While there are often many tax changes in any given year, 2022 has been slow in comparison. …

Understanding the Due Diligence Process When Selling a Business

Written by: William Cooper, CPA & Leah Belanger, CPA, MSA If you’re preparing to sell your business, you may have heard the term due diligence. But unless you’ve been through an M&A deal before, you might not know what the…

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The Latest on Lease Accounting: How to Adhere to ASC 842

Written by: Leah Belanger, CPA, MSA The new standard for lease accounting from the Financial Accounting Standards Board (FASB) took effect for private companies with fiscal years beginning after December 15, 2021. While the standard has been in place for about six…

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