R&D Road Trip: Exploring the 37 State R&D Tax Credits

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At a glance The full story: The Federal Research and Development (R&D) Tax Credit offers a valuable incentive to eligible companies by reducing federal tax liability, often providing an immediate cash flow increase. Did you know that 37 states offer a separate R&D credit that can be claimed in addition to the Federal credit to…

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Raising the Stakes for R&D Tax Credit Refunds

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At a glance The main takeaway: The transition year provided with the new filing procedures for R&D credit refunds is more than halfway through, so businesses considering amending to claim a refund should act soon to take advantage of the ability to potentially perfect denied claims. Weighing costs and benefits: The additional time and costs…

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Maximizing Your R&D Credit as an ERC Recovery Startup Business

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At a glance The main takeaway: ERC recovery startup businesses aren’t excluded from claiming the R&D Tax Credit, but strict rules prevent companies from receiving double benefits. Impact on your startup: The right strategy could help you maximize both credits and increase cash flow by reducing your payroll tax liability through fully refundable credits. Next…

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Brace for Impact: Changes to R&D Deductions Begin This Year

At a glance The full story: The Tax Cuts and Jobs Act (TCJA) of 2017 may seem like ancient history, but some portions of the legislation are just beginning to come to fruition, including unfavorable changes to how taxpayers should treat their R&D costs (also referred to as research and experimentation (R&E) costs in the…

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New Guidance from the IRS Makes Claiming R&D Credits More Complex

At a glance Schedule a consultation with Aprio’s R&D Tax Credit Team today. The full story: In the fall of 2021, the Internal Revenue Service (IRS) issued a Chief Counsel Memorandum requiring stricter reporting and documentation for any taxpayer making an amended claim for a refund arising from an R&D tax credit. In order to comply…

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Does your Dental Practice Qualify for the R&D Tax Credit?

At a glance: Wondering if your dental practice may qualify for the R&D Tax Credit? Contact Aprio’s R&D Tax Team today! The full story: Most people assume that the R&D Tax Credit is reserved for a stereotyped version of research and development, like the type of work done in a laboratory by teams of researchers in…

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Breaking: IRS Introduces New Rules for R&D Tax Credit Refunds

At a glance: Schedule a consultation with Aprio’s R&D Tax Credit team. The full story: In a Chief Counsel memorandum released Friday, October 15, the IRS announced that R&D credit refund claims must include supporting documentation proving eligibility for the credit beginning January 10, 2022. The IRS stated they will use the submitted documentation to determine whether…

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Carli Huband named to Atlanta Business Chronicle 40 Under 40

ATLANTA – November 5, 2021 – Aprio LLP, a nationally recognized business advisory and CPA firm, announced that Carli Huband, Partner-in-Charge of Specialty Tax at Aprio, has been named to the Atlanta Business Chronicle’s 2021 40 Under 40 list. The annual 40 Under 40 list honors “movers and shakers who are scaling the ranks, making…

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