Author Archive:
Nick Uren
How to Successfully Claim the EC Tax Credit in 2024
Read more: How to Successfully Claim the EC Tax Credit in 2024Customers in the market for a used or new electric vehicle (EV) in 2024 are in luck. Before this year, buyers had to wait to claim the clean vehicle credit (CVC) on their tax return. Now, you can lower the upfront cost of an EV by transferring the credits to the car dealer. If you meet the eligibility requirements,…
What You Need to Know About Foreign Derived Intangible Income—FDII
Read more: What You Need to Know About Foreign Derived Intangible Income—FDIIIn 2017, the Tax Cuts and Jobs Act (TCJA) created IRS Code Section 250, allowing certain taxpayers a deduction for Global Intangible Low-Taxed Income (GILTI) and Foreign-Derived Intangible Income (FDII). FDII was created as an export incentive to encourage US businesses to locate intangible property in the US rather than foreign jurisdictions. Instead of identifying specific intangible…
Is Your Small Business on the Hook for Transfer Pricing?
Read more: Is Your Small Business on the Hook for Transfer Pricing?Small- and medium-sized businesses (SMBs) that perform cross-border, intercompany transactions—regardless of their size or industry—must adhere to transfer pricing rules. These companies may not understand whether transfer pricing applies to their business—let alone how to comply with the rules while meeting their business goals. While transfer pricing is complex and the penalties can be steep,…
Is Your Small Business on the Hook for Transfer Pricing?
Read more: Is Your Small Business on the Hook for Transfer Pricing?Small- and medium-sized businesses (SMBs) that perform cross-border, intercompany transactions—regardless of their size or industry—must adhere to transfer pricing rules. These companies may not understand whether transfer pricing applies to their business—let alone how to comply with the rules while meeting their business goals. While transfer pricing is complex and the penalties can be steep,…
2023 Year-End Tax Guide for Businesses
Read more: 2023 Year-End Tax Guide for BusinessesPresented by Aldrich CPAs + Advisors | October 3, 2023 Each year, Aldrich creates a year-end tax guide with must-know information for your financial plan. Our specialists have compiled the latest insights and opportunities to help you achieve your business goals. The guides are divided into recommendations for businesses and individuals. We hope this guide…
Aldrich Wealth Market Commentary + Outlook
Read more: Aldrich Wealth Market Commentary + OutlookBy Aldrich Wealth Aldrich Wealth Partner Nicole Rice and Chief Investment Officer Darin Richards offer market commentary and projections every quarter, including a discussion on market performance in the second quarter of 2023 and what to anticipate throughout the rest of the year.
Two 401(k) SECURE Act Provisions to Act on Now
Read more: Two 401(k) SECURE Act Provisions to Act on NowBy: Neil Plein, CPFA™, AIF® Earlier this year, the SECURE Act 2.0 was signed into law by President Biden. With several important, mandatory provisions going into effect on January 1, 2024, the entire industry is feeling the urgency to create a compliant path forward with new processes, procedures, and employee communication.
Know the Tax Implications of Buying Real Property Abroad
Read more: Know the Tax Implications of Buying Real Property AbroadAre you thinking about buying real estate in another country? You may be looking at a vacation home, a place to retire, an investment opportunity, or a source of passive income. Buying foreign real estate can be an attractive and less-expensive option than a similar investment in the United States. Before you buy, you’ll need…
What Business Owners Need to Know about Canadian Tax Requirements
Read more: What Business Owners Need to Know about Canadian Tax RequirementsLast year brought significant changes to Canada’s sales tax regulations, primarily to accommodate the “digitalization of the economy.” Modernizing the tax systems originally designed to govern physical sales is a common theme across global markets. In Canada, the results are pertinent to many US-based business owners involved in cross-border sales. As our 2021 Year-End Tax…
What You Need to Know About Foreign Derived Intangible Income—FDII
Read more: What You Need to Know About Foreign Derived Intangible Income—FDIIIn 2017, the Tax Cuts and Jobs Act (TCJA) created IRS Code Section 250, allowing certain taxpayers a deduction for Global Intangible Low-Taxed Income (GILTI) and Foreign-Derived Intangible Income (FDII). FDII was created as an export incentive to encourage US businesses to locate intangible property in the US rather than foreign jurisdictions. Instead of identifying…
Nick Uren of Aldrich Services joins IR as the exclusive Tax (Private Client) member in Oregon
Read more: Nick Uren of Aldrich Services joins IR as the exclusive Tax (Private Client) member in OregonIR Global, the world’s largest exclusive network of advisory firms is delighted to introduce that Nick Uren has joined IR as our exclusive Tax (Private Client) member in Oregon. Nick Uren joined Aldrich CPAs and Advisors in 2022. Nick specializes in international tax and mergers and acquisitions. Before his career at Aldrich, Nick worked for several…