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 large amounts of time, resources and materials in experimentation and exploration of new …
As part of its “Government that Works” program, the Pennsylvania Department of Revenue recently introduced a new online-based application process for taxpayers who apply for the state’s Research and Development tax credit. All Pennsylvania R&D tax credit applications must be submitted through the new online platform.
The Protecting Americans from Tax Hikes Act of 2015 (The PATH Act) created an opportunity for qualified small businesses to offset all or a portion of their contribution to payroll tax using federal R&D tax credits for up to five years. Business owners and executives interested in saving valuable payroll tax dollars need to understand the following key points.
The largest and most complex tax cut in U.S. history, the Tax Cuts and Jobs Act (TCJA), has left American business owners wondering how the changes to the tax code will affect them and their businesses. In the coming months, business executives and their tax preparers will be scurrying to reformulate their tax strategies and business plans ahead of year’s end.
Are you taking full advantage of the Research and Development (R&D) Tax Credit? The R&D tax credit can provide huge tax savings regarding the expenses incurred for qualifying activities. So, what exactly are qualifying research activities?
The Tax Cuts and Jobs Act that was recently passed by Congress raised a lot of concerns and questions about the future of the R&D tax credit. You may be asking yourself, “How do I choose a qualified R&D tax credit specialist who can assist my business identify activities and expenses that qualify for the credit, and maximize the cash benefit?”
During the holiday season, many of us end up at a holiday party or two, celebrating with friends, family, and colleagues. It so happens, I was at a holiday gathering recently where a business colleague and I were sampling sweets while discussing corporate taxes when she asked, “Do cookie makers qualify for R&D tax credits?”