Entries by Josh Azran

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New Regulations for Section 199A Pass-Through Deduction

The IRS has finally released regulations for the IRC §199A deduction for qualified business income, also known as “pass-through deduction.” What is Section 199A and Who Does it Apply To? Section 199A allows business owners to deduct up to 20% of their Qualified Business Income (QBI) from sole proprietorships, partnerships, trusts and S corporations. Individuals, […]

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Automatic Accounting Method Change Opportunities Created by the TCJA

Summary: Businesses can enhance their cash flow by optimizing their tax accounting methods. The Tax Cuts and Jobs Act expanded the number of small business taxpayers eligible to use the cash method of accounting by raising the cap on gross receipts to $25 million averaged over the prior three years. A change in accounting method […]

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Origins Group is named Best Full-Service Tax & Accountancy Firm – California by US Business News’ 2018 North American Excellence Awards

Origins Group is named Best Full-Service Tax & Accountancy Firm – California by US Business News’ 2018 North American Excellence Awards. Over recent years, North American companies have been one of the leading lights of the business domain. Despite the challenges and uncertainty that the industry faces, both organisations and individuals in this diverse region […]

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2017 Tax Reform: Last-minute year-end moves in light of Tax Cuts and Jobs Act

Congress is enacting the biggest tax reform law in thirty years, one that will make fundamental changes in the way you, your family and your business calculate your federal income tax bill, and the amount of federal tax you will pay. Since most of the changes will go into effect next year, there’s still a […]

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Accounting Considerations for Equity and Revenue Recognition

As a Certified Public Accountant who regularly works with early-stage technology companies, I have come to accept that accounting usually is not a favorite topic among entrepreneurs. In fact, given all the other things an entrepreneur has to think about, conforming to generally accepted accounting principles and practices can end up fairly far down on […]

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How to Avoid the Perils of Payroll Taxes

It is the nightmare scenario for every business owner. A letter from the IRS arrives demanding payment for unpaid payroll taxes. The statement lists the amount owed along with penalties and interest. Thousands of businesses are faced with this situation everyday. Even worse, many of these companies are forced into bankruptcy when they are unable to […]

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Why Startups and Entrepreneurs Need Accountants, and How to Choose One

Many first time and even repeat or serial entrepreneurs who launch their startup will initially try wearing the accountant’s hat by doing their own accounting and taxes, in addition to doing everything else in their business. The advent of simple desktop and online or cloud-based bookkeeping software packages like Quickbooks, Xero, Wave, etc., make it […]

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