Significant Error Discovered in the Instructions for the Newly Revised Massachusetts R&D Tax Credit for 2015

Tax professionals preparing 2015 returns for Massachusetts-based manufacturing and technology companies should beware of a considerable error contained in the state’s online instructions for claiming the R&D tax credit that, if not recognized, could cost their innovation clients substantial dollars in the form of tax overpayments. In August of 2014, the Massachusetts legislature enacted An …

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The Revised Massachusetts Research Tax Credit Regulations – How Will the New Rules Affect Your Business?

In August of 2014, the Massachusetts legislature enthusiastically approved An Act Promoting Economic Growth in the Commonwealth, which was quickly signed into law by former Governor Duval Patrick. While there is optimism among the government faithful that the bill’s $85-million economic stimulus package will spur vitality to the Commonwealth’s economy, the state’s manufacturers and technology …

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