Your business doesn't have to be involved in the latest technological breakthrough to take advantage of the research and development, or R&D, tax credit. If you're working on ways to improve your ...

There are two types of tax incentives: deductions and credits. As tax advisers, we always prefer credits. In most cases, they offset income tax liability dollar for dollar, whereas deductions only ...

In July, the IRS wrapped up its annual Dirty Dozen scams list, designed to warn taxpayers against abusive tax promotions. One practice mentioned is the improper claiming of business credits, ...

Sometimes the Internal Revenue Code giveth more than it taketh. Section No. 41 of the Code — creates the Research and Development tax credit, “R & D Credit” for short — is designed to be your tax pal.

Contract manufacturers are among the greatest candidates for what can be significant federal and state tax savings from the R&D Tax Credit. For contract manufacturers, especially those working with ...

Over 14,000 businesses in the U.S. claim the federal research and development tax credit every year, so businesses relying on this funding need to be aware that the claiming process has recently ...

Big Problem: Inefficient tax credit realization. Big Thinking: Identified a $900,000 tax credit, nearly twice as much as prior years. Joining Schneider Downs in 2004, Doug Morally has more than 14 ...

The Protecting Americans From Tax Hikes Act of 2015 (PATH Act), P.L. 114-113, contained several provisions favorable to taxpayers that incur qualified research and development (R&D) expenditures.

President Trump signed the Tax Cuts and Jobs Act (TCJA) into law in December 2017, bringing sweeping changes to the tax code. One issue with the law that could gravely impact job growth is the fact ...