R&D Tax Credit Enhancements
The recent enhancements to the R&D tax credit as part of the PATH Act of 2015 included making the R&D credit permanent for the first time, having AMT turnoff for small to mid-sized companies, and allowing the credit to offset payroll taxes for start-up companies. The REACH Act would continue to augment this important tax incentive meant to stimulate job creation, start-up venture capital and private equity, and innovation and manufacturing within the United States. The National Director of Engineered Tax Services, David Mayer, along with CEO and founder of ETS, Julio Gonzalez, know how important it is to provide incentives that allow us to be competitive in terms of job growth and stimulating more start-up companies in the United States.
For more information regarding cost segregation, contact Dave Mayer at dmayer@engineeredtaxservices.com or your ETS director for more information.
Related: Tax Reform Expert, Julio Gonzalez, Praises New REACH Act for the R&D Credit
The Ins and Outs of the ERTC
The Employee Retention Tax Credit (ERTC) is a tax credit offered by the federal government to assist businesses in retaining their employees during economic hardships. This credit was introduced in 2020 as a response to the COVID-19 pandemic and has been extended until the last quarter of 2021.
March 17, 2023 No Comments
