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Last updated on April 24, 2014 at 17:35 EDT

Latest WTP Advisors Stories

2014-01-07 12:25:37

NEW YORK, Jan. 7, 2014 /PRNewswire/ -- The federal credit for increasing research activities is one of the most valuable tax benefits for businesses located in the United States. Despite its value to American business, the credit is not a permanent part of the Internal Revenue Code. Instead, Congress has extended the credit in one or two year increments over a dozen times since it was first authorized in 1981. The recent change of the calendar year marked the ninth time that the credit...

2013-08-28 12:26:36

CHICAGO, Aug. 28, 2013 /PRNewswire/ -- Associated Equipment Distributors (AED), the world's largest trade association for construction equipment distributors, has selected WTP Exchange, for the third year in a row, as its Preferred Provider for Like-Kind Exchange (LKE) services. WTP Exchange is an affiliate company of WTP Advisors, an award-winning global tax and business advisory firm, also recently named to the Inc 5000 list of America's fastest-growing private companies for the...

2013-08-20 16:22:59

NEW YORK, Aug. 20, 2013 /PRNewswire/ -- For the third year running, WTP Advisors, a global tax and business advisory firm, has been named to Inc. Magazine's annual ranking of America's fastest-growing private companies. The list represents a comprehensive look at the most important segment of the economy - America's independent-minded entrepreneurs. WTP Advisors now shares a pedigree with Intuit, Zappos, Under Armour, Microsoft and dozens of other notable recent Inc. 5000 alumni....

2013-02-25 12:27:20

NEW YORK, Feb. 25, 2013 /PRNewswire/ -- The Internal Revenue Service (IRS) has released a favorable private letter ruling related to a common tax strategy referred to as a Like Kind Exchange (LKE) program. The ruling was requested by, and issued to, WTP Exchange, an affiliate company of WTP Advisors, a global tax and business advisory firm. The new IRS ruling (201308020) makes it clear that WTP Exchange is permitted under the tax law to provide both LKE software and qualified intermediary...

2012-08-28 06:29:37

CHICAGO, Aug. 28, 2012 /PRNewswire/ -- Associated Equipment Distributors (AED), the world's largest trade association for construction equipment distributors, has selected WTP Exchange, for the second year running, as its Preferred Provider for Like-Kind Exchange (LKE) services. WTP Exchange is an affiliate company of WTP Advisors, an award-winning global tax and business advisory firm. Under Internal Revenue Code Section 1031, no gain or loss is recognized when companies sell business...

2012-07-24 06:21:57

NEW YORK, July 24, 2012 /PRNewswire/ -- Corporate taxpayers that have invested in renewable energy or "green" equipment or systems may be overlooking an opportunity to receive significant government reimbursements in lieu of certain investment tax credits under the American Recovery and Reinvestment Act of 2009, according to Paul Lo, director with WTP Advisors' Global Business Incentives practice. "Companies that have placed renewable energy systems in service or have begun construction on...

2012-07-17 06:27:15

NEW YORK, July 17, 2012 /PRNewswire/ -- The American biomedical device industry--known for producing life-saving innovations and creating millions of jobs across the country--is facing unprecedented challenges that could prove catastrophic not only to the industry itself and to the livelihoods of its employees, but to the health of the patients who benefit everyday from its technologies. In a new analysis from global tax advisory firm WTP Advisors, Yair Holtzman, director and Global Life...

2012-03-21 06:23:05

NEW YORK, March 21, 2012 /PRNewswire/ -- Companies spend considerable amounts of time and money on strategies to streamline their operations, in order to improve business processes, boost efficiency, and cut costs. However, according to Yair Holtzman, director at the global tax and business advisory firm WTP Advisors, there are two departments that are often overlooked by management when it comes to applying strategic operations. Yet, these could hold the key for future growth, and they...

2012-01-31 11:00:00

NEW YORK, Jan. 31, 2012 /PRNewswire/ -- Corporate taxpayers may be missing opportunities to minimize the interest they owe the government and maximize the interest the government owes them, if they don't fully understand the rules governing the accrual of interest on federal tax obligations, according to Jeff Malo, Director with WTP Advisors' Interest and Penalty Advisory Services. In an article entitled "A Second Look at Interest on Corporate Federal Tax Obligations," appearing in the...

2012-01-31 08:00:00

NEW YORK, Jan. 31, 2012 /PRNewswire/ -- The biomedical devices industry grew, invested, and prospered from 2007 to 2009, flouting an overwhelming trend that saw many of the world's largest companies collapse during the worst economic climate since the Great Depression. How did they do it? A new analysis of this industry from WTP Advisors, the global tax and business advisory firm, reveals three key traits that helped recession-proof the top independent biomedical device makers...