Intrepid Advisors Joins Forces with Source Advisors

Fort Worth, TX—December 8, 2020 Source Advisors, a leading specialized tax consulting firm providing R&D Tax Credit, Cost Segregation, LIFO inventory, §179D and §45L solutions nationwide for more than 37 years, with support from their equity partner Gainline Capital Partners, has acquired Intrepid Advisors, a business consulting firm that offers engineer driven expertise and consulting …

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R&D Tax Credits Refundable or Recoverable?

The R&D Tax Credit is not refundable; however, unused credits can still provide a cash windfall. A commonly asked question: “Is the R&D tax credit refundable?” In other words, can R&D tax credits be easily converted to cash? The short answer is no. R&D tax credits are used to offset a corporation’s income tax or …

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What is the R&D Tax Credit Carryforward Period?

When it comes to claiming R&D tax credits, many taxpayers are unaware of the rules allowing them to carryforward the unused portion of their research tax credit. In most situations, a company who has qualifying research expenses but no income can carryforward the credit to offset tax liabilities on future profit. Any unused R&D credits …

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Another Source of Cash from Government Tax Credits

Many small and midsize businesses affected by COVID-19 are struggling to maintain their cashflow, operational capabilities, and internal research and development activities. The Coronavirus Aid, Relief, and Economic Security (CARES) Act provided some financial relief to these businesses affected by COVID-19 through emergency grants, retention tax credits, and forgivable loans that only provide temporary help …

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R&D Tax Credits for Software Development

Companies who develop software for sale or use by customers or third parties, or for operating equipment or products, or for use in their business may be eligible for R&D tax credits.  These research credits are a dollar-for-dollar reduction of federal and state tax liabilities. The IRS’s R&D tax credit regulations relating to software development …

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Raise a Glass for R&D Tax Credits in the Craft Brewing Industry

R&D Tax Credits for Brewery

Who knew the craft brewing industry would qualify for the research tax credit. Ask a Master Brewer about their unique beers and you will likely receive a passionate description of how they constantly explore innovative and diverse styles of beer making to meet market demands and stay competitive. Companies in the brewery industry often invest …

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