Using the R&E Tax Credit to Improve Profitability
Posted by Tim Finerty and Bryan Powrozek on June 26, 2019
Tim Finerty
Most system integrators have heard that the R&E tax credit can have an immediate impact on a company’s cash position as it frees up money...
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Mexico’s Payment Receipt Complement: Are You Ready for it?
Posted by Tim Finerty and Carlos Calderon on October 19, 2018
It is essential that the information received by the taxpayers be precise to avoid penalties.
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Considering Doing Business in Mexico? Six Things to Know Before You Go
Posted by Tim Finerty and Carlos Calderon on March 13, 2018
There are six key issues to consider before a business expands to Mexico. It is strongly recommended to consult a tax and accounting advisor before doing business in Mexico to avoid penalties, fees and fines.
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Maximizing Tax Savings for System Integrators & Automation Companies
Posted by Tim Finerty and Sarah Russell on June 8, 2016
Clayton & McKervey Shareholders Tim Finerty and Sarah Russell hosted a webinar, "Maximizing Tax Savings for System Integrators & Automation Companies," produced by the Robotic Industries Association (RIA). The presentation discussed recent changes in legislation and the current eligibility requirements for companies interested in benefitting from R&E tax credits.
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Independent Contractors in Mexico
Posted by Tim Finerty on December 22, 2015
A common practice for many US companies with activities in Mexico is to pay Mexican residents as independent contractors. US companies do this so they …
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Private Company Reporting Options – “FRF for SMEs” vs. “Private Company Council GAAP”
Posted by Tim Finerty and Catherine Faysal on August 4, 2015
The private company financial reporting landscape has changed. With new acronyms like “FRF for SMEs” and “PCC,” it can be hard for companies to decide …
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5 Things You Need to Know about the AICPA’s Financial Reporting Framework for Small and Medium Sized Entities
Posted by Tim Finerty and Catherine Faysal on September 23, 2014
It’s been a little over a year since the AICPA issued the Financial Reporting Framework for Small and Medium Sized Entities (“FRF for SMEs”) as …
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Mexican Tax Reform Could Have Major Impacts for U.S. Manufacturers
Posted by Tim Finerty on January 24, 2014
How will Mexico’s new tax laws impact your company? The Mexican government recently made significant changes to the tax laws that govern the country. The …
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Mexico’s Tax Amnesty Program
Posted by Tim Finerty on April 29, 2013
The Mexican tax administration (Servicio de Administración Tributaria, or “SAT”) established a tax amnesty program, effective in 2013, that provides an opportunity for individuals and …
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Expanding to Brazil – What You Should Know
Posted by Tim Finerty on January 8, 2013
As small to mid-size enterprises shift gears to accelerate growth, they are taking a closer look at new opportunities in foreign countries. One of those …
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Research & Experimentation Funding for Control Groups
Posted by Sarah Russell and Tim Finerty on January 2, 2019
A common misconception about the Research and Experimentation Tax Credit for Increasing Research Activities (hereinafter the R&E Credit) arises when control group members share expenses related to qualified research activities; and when the ultimate user or decision maker is not the same entity who conducted the research activities.
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