Complying with multi-state tax regulatory and reporting requirements can feel like a time-consuming hassle, but when executed optimally, organizations can lower their tax burden and deduct major expenses, like those related to R&D. MGO provides clients with multi-state tax compliance and planning services informed by industry experience and deep knowledge of tax codes.
The complex and evolving nature of tax codes – at International, Federal, and State and Local levels – creates opportunities to gain competitive advantage for the proactive and well-informed.
MGO’s leading team of tax specialists regularly publish news, articles and thought leadership detailing emerging opportunities and risks focused on helping our clients lower their tax burden and achieve strategic growth.
We broke down the first four “Dirty Dozen” scams and the fifth pandemic-related Dirty Dozen scam addressed by the Internal Revenue Service (IRS) to prevent…
In June, we broke down the first four “Dirty Dozen” scams addressed by the Internal Revenue Service (IRS) to prevent taxpayers from falling susceptible to…
The Internal Revenue Service (IRS) released a warning on June 1, 2022, to alert taxpayers to the first four “potentially abusive arrangements” on its Dirty…
For the second time in 2022, the Internal Revenue Service (IRS) has announced an interest rate increase of 1% for both overpayments and underpayments for the…
Passthrough entities and their owners need to act soon to take advantage of SALT Cap Workarounds (i.e., “Passthrough Entity Taxes,” or “PTETs”).
As of January 1, 2022, New York employers must report new hires who are listed as independent contractors with contracts more than $2,500.
This tax season California regulators have updated requirements, instituted an amnesty program, and launched new fraud prevention efforts in an effort to…
Once primarily an international tax issue, transfer pricing has become increasingly important at the state and local tax (SALT) level. With states…
The IRS entered this filing season with an historic backlog of several million original and amended returns filed by individuals and businesses that have not…
The IRS has announced additional relief for those pass-through entities that are required to file two new tax forms — Schedules K-2 and K-3 — for the 2021…
The IRS has introduced Schedules K-2 and K-3. Both are meant to expand upon items of international relevance to the owners of the entities.
On February 9, 2022, Governor Gavin Newsom signed SB 113, enacting several taxpayer-friendly updates for 2022.
Utilizing the new workaround to the $10,000 limitation on the federal deduction for state and local taxes (SALT).
On October 15, 2021, the Chief Counsel’s office released memorandum number 20214101F in response to questions from IRS officials in the Large Business &…
Negotiations continue in Washington, D.C. over the future of President Biden’s agenda.
Our people are the cornerstone of our success: a proven team of CPAs and Advisors with expertise in fields that range from finance, audit and accounting to performance management, technology and cybersecurity.
Discover what makes MGO a truly uncommon firm, our people.
Every day we help organizations optimize their tax position by getting the most from credits, incentives, and other deductions. How can we help?
Standing out in a field of largely indistinguishable competitors means we do not have the luxury of evolving with the marketplace. Instead, we work feverishly to keep ahead of it.
