R&D Capitalization and Amortization Changes Take Effect

R&D capitalization and amortization are here, and we recommend planning as though it’s here to stay. Since the 1950s businesses who’ve incurred R&D expenses under Section 174 have been able to deduct them as incurred. Unfortunately, the Tax Cuts [...]

By |2023-01-18T14:15:31-05:00November 9th, 2022|Categories: Ariane Woods, Blog, Research & Development (R&D), Tax|Comments Off on R&D Capitalization and Amortization Changes Take Effect

R&D Credit Payroll Tax Offset Enhanced by the Inflation Reduction Act

The Inflation Reduction Act of 2022 (IRA) was signed into law on August 16, 2022.  The legislation enhances the benefit for start-up companies by expanding the amount of the Research and Experimentation tax credit – often called the R&E [...]

By |2022-08-18T17:06:50-04:00August 18th, 2022|Categories: Ariane Woods, Blog, Research & Development (R&D), Tax|Comments Off on R&D Credit Payroll Tax Offset Enhanced by the Inflation Reduction Act

5 Brewery Tax Saving Tips

Today, the combination of innovative flavors and unique branding has led to the success of the craft beer industry. With an ever-growing demand for more and more unique varieties, it’s no mystery why breweries are popping up all over [...]

Our Guide for Proper R&D Documentation When Preparing for the Tax Credit

Keeping proper documentation of your R&D activities is crucial to ensuring your R&D tax credits will be supported in the case of an audit. The Internal Revenue Service (IRS) and the state Departments of Revenue (DoRs) are intentionally generous [...]

By |2022-10-17T16:07:57-04:00June 1st, 2022|Categories: Ariane Woods, Blog, Research & Development (R&D), Tax|Comments Off on Our Guide for Proper R&D Documentation When Preparing for the Tax Credit

Claiming the ERC as a Recovery Startup Business

The Coronavirus Aid, Relief, and Economic Security Act (CARES) act was signed into law in March 2020 to provide businesses with financial assistance through the Employee Retention Credit (ERC). The ERC was expanded through the American Rescue Plan Act [...]

By |2022-10-14T16:47:30-04:00May 17th, 2022|Categories: Ariane Woods, Blog, Cole Marr, Research & Development (R&D), Tax|Comments Off on Claiming the ERC as a Recovery Startup Business

R&D in Food and Beverage Industry: Make Your Cake and Eat it Too!

One of the most overlooked (and fascinating) industries that should be taking advantage of the Research & Development tax credit is food and beverage.  Whether it’s a manufacturer of finished food products, an ingredient or flavor developer, or even [...]

By |2022-10-25T16:23:40-04:00March 24th, 2022|Categories: Ariane Woods, Blog, Food & Beverage, Industries, Research & Development (R&D), Tax|Comments Off on R&D in Food and Beverage Industry: Make Your Cake and Eat it Too!

Qualifying for the R&D Tax Credit Can Financially Save Your Company

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 [...]

By |2022-06-02T10:54:21-04:00March 23rd, 2022|Categories: Blog, Cole Marr, Research & Development (R&D), Tax|Comments Off on Qualifying for the R&D Tax Credit Can Financially Save Your Company

The Election to Apply the R&D Tax Credit Against Payroll Taxes

The credit for increasing research activities, often referred to as the research and development (R&D) credit, is a valuable tax break available to eligible businesses. Claiming the credit involves complex calculations, which we can take care of for you. [...]

By |2022-10-14T13:49:26-04:00March 7th, 2022|Categories: Blog, Research & Development (R&D), Tax|Comments Off on The Election to Apply the R&D Tax Credit Against Payroll Taxes

Research and Development in the Construction Industry

A construction company claiming a Research and Development (R&D) credit, really? That’s a common response many people have when they first hear about the R&D credit in relation to the construction industry. The reality is, a large number of [...]

The R&D Tax Credit Now Requires Additional Documentation When Making Claims for Refund

The research and development (R&D) tax credit is submitted on federal form 6765 and compiles the amounts of Qualified Research Expenditures (QREs) and computes the total credit for the tax year. Taxpayers seeking to amend a prior year return [...]

By |2022-10-14T13:01:16-04:00February 11th, 2022|Categories: Ariane Woods, Blog, Research & Development (R&D), Tax|Comments Off on The R&D Tax Credit Now Requires Additional Documentation When Making Claims for Refund
Go to Top