Tax Pro Plus
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- What Is Tax Basis and Why Is It So Important?
- For tax purposes, the term “basis” refers to the monetary value used to measure a gain or loss. For instance, if you purchase shares of a stock for $1,000, your basis in that stock is $1,000; if you then sell those shares for $3,000, the gain is calculated based on the difference between the sales price and the basis: $3,000 – $1,000 = $2,000. This is a simplified example, of course—under actual circumstances, purchase and sale costs are added to the basis of the stock—but it gives an introduction to the concept of tax basis.
- How One Small Company Found Its Opening and Disrupted an Entire Industry in the Process
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How Vuori found its opening and disrupted an entire industry in the process. Success story below.
- Calculating and Using your MRR and ARR to Monitor and Forecast SaaS Subscription Revenue
- One of the most important tasks that a SaaS company must do each year is to estimate and project future revenue. Learn more.
- The IRS May be Getting a Massive Budget Increase. Will It Impact the Audit Rate?
- Will increased IRS funding drive more audits?
- Retroactive Termination of the Employee Retention Credit
- If you claimed the employee retention credit (ERC) in the fourth quarter of 2021, you better read this about a retroactive change affecting the credit for the fourth quarter of 2021.
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