Industry Insights

Agility Financial Partners explains how the One Big Beautiful Bill (OBBB) transforms R&D tax credits, enabling significant tax savings and fostering innovation across multiple industries.

Learn how 280E cannabis accounting strategies can reduce your business’s tax burden. Explore legal workarounds and smart structuring with Agility’s guidance.

With the US being home to just 5% of the global population but 22% of the world’s incarcerated criminals, Defy Ventures’ CEO, Catherine Hoke, set out to  transform this population into successful business owners by the time they were released , one incarcerated entrepreneur at a time.  The US incarceration statistics are depressing –  more than 76% of people released from prison return within 5 years  and 70% of children with an incarcerated parent follow the pattern.   Hoke

Posted with permission from  CrowdCheck, Inc. Every company offering securities to investors under Regulation Crowdfunding (“Reg CF”) is required to provide financial statements that are prepared in accordance with generally accepted accounting principles. For offerings seeking over $107,000, those financial statements are required to be reviewed by an independent public accountant (second helpings under Reg CF may require financial statements audited by an independent public

Thanks to Joanne O’Brien, Deloitte Tax partner and co-host/panel member at our November Blockchain event for bringing this great tax credit opportunity to our attention: Up to $250,000 payroll tax credit per taxable year for Qualified Small Businesses with qualified R&D activities that have annual gross receipts less than $5 million No gross receipts from before the five-tax-year period ending on the current tax year. What does this mean? Qualified Small Businesses that are g

Due to the recent U.S. Supreme Court decision in South Dakota v. Wayfair, many U.S. states have passed Economic Nexus legislation which may require all businesses, both foreign and domestic, to collect U.S. sales tax. The term “Nexus” is defined as a connection between the business and the state.  Historically, in order for a state to impose sales tax collection on an out-of-state business, the business must have some sort of physical presence in the state.  The term “physica

“People will forget what you said. People will forget what you did. But people will never forget how you made them feel.” – Maya Angelou, American Author & Poet    Good will is always good business especially in the extraordinary times in which we find ourselves.  For companies of all sizes, it is a moment to rise above and access one’s relationship to one’s clients whether they be business-to-business or consumer facing or both. As strategic marketing, branding, communicatio

Coronavirus Relief Options for SBA

Does your company transact on the Blockchain?  If so, you’re probably struggling with accounting for your Blockchain transactions in a manner that is GAAP compliant.  Each time a cryptocurrency is spent or converted to another currency, a calculation must be performed to determine the gain or loss on the transaction that is based on the crypto inventory tracking methodology elected by management (i.e. FIFO/LIFO/Average Cost).   Depending on the volume of crypto-transactions,

It was truly serendipity when in 2015, Cindy Solovei met Mimi Nguyen by interviewing for a position to replace Mimi at her former job. They impressed each other and, rather than take that job, Cindy and Mimi, complementary in skillsets and personality, joined forces to create Agility Financial Partners. That was five years ago and both agree that it’s been the best move they ever made. From the Agility Founders It’s been a great ride – we could not have picked better clients

With 2017 fast coming to an end, it’s time to start preparing for 1099 filings – many of our clients struggle with understanding who to issue Forms 1099 for.  Generally speaking, all persons or businesses providing business services who are not paid via payroll need a 1099.  The definition of business service payments is quite broad, and includes payments made for prizes and awards, rents, and other income.  The following exceptions apply: Payments for physical goods do not r