BHL&G Tax Reform Blog

We are summarizing the most important ways the Tax Cuts and Jobs Act of 2017 impacts growth companies and their advisors.

Tax Treatment of the ‘SAFE’ and ‘KISS’

23.08.2018 / by BlaisTaxLaw / 0 comments

The SAFE, or Simple Agreement for Future Equity, and the KISS, or the Keep It Simple Security, have become a popular way for early stage companies to raise money.   These securities were intended to be simple, low-cost alternatives to convertible…

Tax Reform Blog: Big Changes to NOLs Decrease Their Value

21.03.2018 / by BlaisTaxLaw / 0 comments

The Tax Cuts and Jobs Act of 2017 provided significant changes to the net operating loss (“NOL”) system for corporate and individual taxpayers, including: NOL can no longer offset all of a taxpayer’s net income in a subsequent year. Instead,…

  The Tax Cuts and Jobs Act of 2017 may consist of more than 1,000 pages of statutory text and committee explanation, but the top headline is simple: “21% Corporate Tax Rate.” More specifically, the graduated tax rates for C…