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Personal Property Tax Renditions Due on May 7, 2015

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The Crux On May 7th, 2015, Business Property Statements (Forms 571L) reporting personal property subject to taxation will become due. Filings after this date are subject to a 10% penalty. Next Steps For most corporate taxpayers, the property tax rendition is often a fairly straightforward reconciliation exercise to the general ledger fixed asset schedules; however,… Read more »

Texas Franchise Tax Report Due on May 15, 2015

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The Crux On May 15th, 2015 companies with a Texas filing requirement will need to submit their 2015 Texas Franchise Tax Report. Texas provides a six month extension to filers that submit an extension request by this date; however, only a three month extension is allowed for electronic fund transfer (EFT) filers (a second three… Read more »

Aduro Biotech, Inc.’s Shares Soar in Successful IPO

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San Jose, CA — April 20, 2015 — Clifton Douglas announced today that its client, Aduro Biotech, Inc. (NYSE: ADRO), closed its first week of trading at $40.00, a nearly 135% jump from the $17 per-share IPO price set Wednesday. The strong Wall Street debut put Aduro Biotech as this year’s second private company from… Read more »

New Relic, Inc. Makes Strong Wall Street Debut

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San Jose, CA — December 15, 2014 — Clifton Douglas announced today that its client, New Relic, Inc. (NYSE: NEWR), closed its first day of trading as a public company at $33.99, a nearly 50% jump from the $23 per-share IPO price set Thursday. New Relic’s breakthrough opening day put the Company’s market value north… Read more »

Three Clifton Douglas Clients Go Public In One Week

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San Jose, CA — October 7, 2014 — Clifton Douglas announced today that all three Bay Area companies who made their Wall Street debut last week (Yodlee, Dermira, and Calithera Biosciences) were Clifton Douglas clients. These add to the Clifton Douglas clients who have successfully completed their IPO during a record-breaking 2014, which also included… Read more »