How to Offset Federal Payroll Taxes With R&D Tax Credits
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 … Read more
R&D Tax Credit
Article topics in this category will be directly related to the Research and Development Tax Credit, also referred to as the R&D Tax Credit. From Startup Company situations to industry-related questions regarding this tax credit, discover new information and posts about the R&D Tax Credit topic.
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What’s New With Specialty Taxes in 2023?
Taxes in 2023 are going to look a bit different than they have in the past. In addition to newly passed tax law updates, a number of pandemic-era provisions will … Read more
What Does Section 174’s New Amortization Rule Mean for R&D Credits?
Future changes to the way companies can take deductions from research and development expenses may make investing in innovation more difficult, particularly for small businesses and startups. Furthermore, these new … Read more
TAX ALERT: IRS may extend the transition period for compliance regarding research credit refund claims
IRS Update *** The IRS is extending for another year (through January 10, 2024) the transition period during which taxpayers are provided 45 days to perfect a research credit claim for refund prior to IRS’s final determination on the claim. A recent comment by an IRS official indicating that the agency may extend the … Read more
New York State Offers a Life Sciences Research and Development Tax Credit
You may know that life sciences are eligible for federal research and development (R&D) tax credits nationwide—but did you know that New York State offers a life sciences research and … Read more
Rep. Jackie Walorski Introduces Legislation to Double R&D Tax Credits and Their Benefits
U.S. Rep. Jackie Walorski (R-Ind.), a senior member of the House Ways and Means Committee, showed herself to be possibly the biggest champion of R&D tax credits on Capitol Hill. She’s doubling … Read more
Possibilities Story: Sleepless in Salt Lake City
As the owner of an engineering firm in Salt Lake City, Utah, I’ve been concerned about the recent downturn in the economy—like a lot of people. The fact is, like … Read more