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

R&D Tax Credits for Brewery

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 …

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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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Substantial Tax Credits for Construction & Engineering Firms

Substantial Tax Credits for Construction & Engineering Firms

It may come as a surprise to some industry professionals that many construction and engineering firms invest significant amounts of money in research and development, yet never claim tax credits for it. The fact of the matter is that there are substantial tax incentives available in much of the typical work conducted by construction and engineering companies.

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R&D Tax Credits Remain Strong Despite Tax Reform

Since federal research and development tax credits were first introduced into law back in 1981, they have been recognized as a key factor in driving US innovation across a wide range of industries.  As Congress begins to take up the challenge of tax reform in late 2017, I’m regularly quizzed about the future of the R&D tax credit. At the heart of the question is the Republican goal of simplifying the tax code, reducing tax rates, eliminating tax breaks and decreasing the federal deficit.

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R&D Tax Incentives for the Precast Concrete Industry

R&D Tax Incentives for the Precast Concrete Industry

When business owners, chief financial officers, and corporate accountants consider R&D tax credits, they often conclude that only high-technology companies, innovative scientific start-ups, and other leading-edge enterprises qualify for the credit. What probably doesn’t come to mind are companies involved in the manufacturing of precast concrete components.

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New Opportunity for Life Sciences & Biotech Companies to Benefit from the R&D Tax Credit

It’s common knowledge that Life Science companies spend millions of dollars on research activities but did you know that many of these companies don’t take the R&D tax credit? Why is that? Because, while these innovative companies have large operating expenses they have little, if any, revenue creating net operating loss (NOL) deductions. The federal …

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