The One Big Beautiful Bill Act (OBBBA), signed into law on July 4, 2025, expands opportunities for architecture and engineering (A&E) firms to reduce taxes, invest in growth, and enhance competitiveness. Building on the 2017 Tax Cuts
If you own or run a business in Michigan and you’re investing in innovation—this is news you don’t want to miss. Starting January 1, 2025, Michigan is launching a refundable Research and Development (R&D) tax
Texas Makes Bold Move to Boost Innovation Economy In a unanimous vote, the Texas Senate Finance Committee has advanced Senate Bill 2206, a crucial piece of legislation aimed at extending and enhancing the state’s Research
In today’s fast-paced economy, innovation isn’t just a buzzword—it’s a necessity. Businesses that prioritize research and development (R&D) gain a decisive edge, outpacing competitors and reshaping industries. The R&D Tax Credit, established under IRS Section 41,
Navigating the complexities of tax credits can be daunting, especially when it comes to the I.R.C. § 41 research credit. This credit, designed to incentivize research and development (R&D) activities, offers significant financial benefits but
The global aerospace industry invests billions of dollars in research and development each year, driving groundbreaking advancements in technology and innovation. This massive investment underscores the industry’s commitment to pushing the boundaries of what is
When it comes to federal R&D tax credits, understanding what qualifies as research is crucial. Not all research activities meet the IRS criteria, and accurately identifying qualified research can lead to significant tax benefits for
The Pharmacy Profit Summit, held on March 10th through 11th, 2024, at the Omni Dallas Hotel, showcased innovative strategies for pharmacy owners intent on boosting their operational efficiency and profitability. This event gathered pharmacy professionals
Medical and dental manufacturers understand the power of innovation. Their commitment to improved treatments, better tools and more advanced materials saves lives and enhances patient care. Because innovation doesn’t happen without investment, research and development
Research and development (R&D) tax credits are a powerful financial incentive for companies willing to push the boundaries of innovation. These credits reward businesses that invest in developing new products, processes or technologies—essentially encouraging them