Blog - Engineered Tax Services

What Business Owners Should Know About the Work Opportunity Tax Credit

The Work Opportunity Tax Credit (WOTC) provides a federal incentive to encourage employers to hire and retain veterans and individuals from other targeted groups who have consistently faced significant barriers to employment. The maximum credit allowable is generally $2,400 per hire but can be higher for members of some target groups—such as up to $9,600 for certain veterans.

Heidi Henderson February 2, 2021 No Comments

Tax Deductibility of PPP Loans Restores Full Value of R&D Tax Credits

Before Congress clarified the deductibility of forgivable loans under the Paycheck Protection Program (PPP) in December, the ability of PPP loan recipients to also qualify for Research and Development Tax Credits (R&D) was in question. The R&D tax credit, which is a permanent federal tax incentive meant to stimulate innovation, technical design and manufacturing, allows businesses to save

Heidi Henderson January 28, 2021 No Comments

Shifting to an advisory mindset to drive client value

To Remain Competitive, Architects Must Consider How They Can Move From A Design Approach To An Advisory Mindset By Taking Advantage Of Training Programs And Tools. AIA Partner Engineered Tax Services Explains. The COVID-19 pandemic has thrown a wrench into the strategic planning process for most businesses. After all, it can be difficult to develop

Engineered Tax Services January 14, 2021 No Comments

Six misconceptions about claiming the R&D tax credit

The R&D tax credit can save firms thousands of dollars. AIA partner Engineered Tax Services explores the myths that might be holding you back from taking part. The Research & Development (R&D) tax credit is a permanent federal tax incentive meant to stimulate innovation, technical design, and manufacturing within the US. There is a common misperception that

Engineered Tax Services January 13, 2021 No Comments

5 Benefits of Implementing a Trusted Advisor Program

When you think about the accounting industry just a few decades ago, CPAs built their reputations on being skilled “debits and credits” professionals. Getting the job done accurately and on time, every time, was enough to keep clients satisfied. Today, most CPAs appreciate the necessity to shift into a proactive advisory-focused posture, though they may

Heidi Henderson January 12, 2021 No Comments

Comprehensive Overview: 2020 Tax Extenders Signed Into Law

Much of the nation’s attention has been focused on the second COVID-19 stimulus bill approved by Congress at the end of the year. However, the relief bill was combined with an omnibus budget bill that includes a number of tax extenders that provides tremendous benefit to taxpayers. Specifically, 22 temporary tax provisions were scheduled to

Heidi Henderson January 7, 2021 No Comments