R&D Tax Credit Blog, Federal & State Research Tax Credit

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

November 12, 2019November 12, 2019

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 …

Is Your A&E Firm Benefiting from R&D Tax Credits?

October 19, 2019October 4, 2019

A&E firms, whether developing a sky-rise office building in Manhattan, an advanced suspension bridge or a suburban shopping mall, are faced with a host of technical challenges that require their engineers and technical leaders to devise solutions that are unique, viable and cost effective.

Innovation Starts with One Small Step

September 16, 2019September 4, 2019

Fifty years ago, the world was riveted to their television sets to see history in the making when the Apollo 11 crew touched down on the moon. Where would technology be today without the ingenuity and courage of the NASA space program?

Pennsylvania Introduces R&D Tax Credit Electronic Application

September 6, 2019October 5, 2018

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.

Wondering How to Offset Payroll Tax with R&D Tax Credits?

September 16, 2019July 19, 2018

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.

Impact of the Tax Cuts and Jobs Act on R&D Tax Credits

September 6, 2019May 30, 2018

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.

R&D Tax Credit: Qualifying and Non-Qualifying Research Activities

September 16, 2019March 26, 2018

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?

8 Things to Consider When Choosing an R&D Tax Credit Practitioner

September 16, 2019February 6, 2018

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?”

Food Manufacturers Benefit from R&D Tax Incentives

September 16, 2019December 21, 2017

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?”

Advancing Technological Innovation