Connor Richards

What is the Inflation Reduction Act?

On August 16th, 2022, United States President Joe Biden signed into law the Inflation Reduction Act. The bill principally aims to raise tax revenue by capturing some of the traditionally tax-free benefits for high-level executives and shareholders and requiring large corporations to pay a minimum tax. With that in mind, the changes should be analyzed …

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What is deferred compensation?

Many companies want to reward employees, contractors, and others with incentives to reward their contributions without dipping into the cash needed to continue investing in the business. As a result, companies may turn to “deferred compensation” structures, giving these contributors stock options, future bonuses or other future compensation arrangements. These types of arrangements can be …

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What is the R&D Tax Credit?

Many people are vaguely aware of something called a “research and development credit.” It may bring to mind pharmaceutical research, manufacturing processes, or other traditional processes that businesses have been improving and creating for generations.  What people don’t realize is that the benefit of the R&D Credit doesn’t end there. Video game developers, software companies, …

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