Getting audited by the IRS for your R&D tax credit claim can feel scary and overwhelming. But with the right preparation and guidance, you can successfully steer through the process. This comprehensive guide breaks down
The Highlights Why It Matters While this notice doesn’t overhaul the R&D tax credit system, it does provides valuable clarification for companies engaged in research and development. We want to help you fully understand these
Innovation is vital for advancing health care and improving patient outcomes. One way the government supports innovation in the health care industry is through research and development (R&D) tax credits. These credits reward companies for
Calculating research and development (R&D) tax credits can be complicated, but the financial payoff makes it worthwhile for innovative companies. In this comprehensive guide, we’ll explain step-by-step how to qualify for and calculate federal and
The world of biotechnology moves fast, with new discoveries and innovations happening every day. Driving this revolution are biotech companies, persistently pushing the boundaries of science to make breakthroughs. Yet, the high costs of equipment,
Many businesses focus their R&D tax credit claims solely on current projects. But did you know you can also claim credits for your R&D activities going back several years? Why You Should Consider Retroactive Claims
In 2019 alone, nearly $60 billion in R&D tax credits went unclaimed, according to data from the Congressional Research Service. With over $90 billion in total credits available, that’s a shocking amount of lost opportunity.
Are you leaving money on the table when it comes to your federal payroll taxes? Many businesses are unaware that they can leverage research & development (R&D) tax credits to offset a portion of their
It’s no secret that manufacturing companies face a host of tax concerns, but there is a solution. Many business owners are unaware that they are eligible for research and development (R&D) tax credits, which can
A recent lawsuit filed in the U.S. District Court for the Middle District of Louisiana highlights three important questions that every taxpayer should consider before attempting to claim research and development (R&D) tax credits. In