Qualifying doesn’t require companies to have formal R&D operations or employ scientists, engineers, or others with specialized degrees When many business owners and execs in the agriculture industry hear the phrase “Research & Development (R&D) Tax [...]
The enactment of the 2021 Consolidated Appropriations Act created more opportunities for using the Employee Retention Tax credit (ERC). The original ERC is a provision of the Coronavirus Aid, Relief and Economic Security Act (CARES Act). It provides a [...]
FEDERAL — Employee Retention Credit The Employee Retention Credit is meant to reward employers that kept employees on their payroll during the COVID-19 impacted months. The refundable tax credit is 50% of up to $10,000 in qualified wages paid [...]
Staying ahead of the competition is a challenging and often expensive task. While many economic incentives are targeted at a particular industry or even a specific company, the Research and Development (R&D) tax credit helps level the playing field [...]
As companies around the country begin to pivot from a sprint to preserve business operations to taking strategic steps to help ensure continued prosperity, several tax planning opportunities should be considered. One option available to companies is the Research [...]
