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

How to Offset Payroll Tax with R&D Tax Credits

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.

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