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 main takeaway: New requirements eliminating the ability to immediately deduct research and development (R&D) expenditures went into effect this year after every attempt to reverse the change failed. Impact on your business: Businesses that have historically benefitted from the favorable tax treatment of fully deducting research expenditures as incurred could be…

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

At a glance The main takeaway: Taxpayers wishing to claim research and development (R&D) credits for expenditures made in previous years are now required to provide very specific, detailed supporting documentation to retroactively claim those credits on amended tax returns. Impact on your business: While the new guidance aims to create more efficient tax administration, taxpayers who…

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

At a glance: The main takeaway: The R&D Tax Credit provides a lucrative benefit to any company that’s developing or improving products, processes, and techniques – even dental practices may qualify. How dental differs: Dental practices that develop new techniques, improve procedural processes, implement new technologies, or conduct innovative research are likely to qualify. Next steps: Read more…

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

At a glance: Big changes to R&D Tax Credits on the horizon: In a release published Friday, October 15, the IRS introduced significant new documentation requirements for businesses seeking R&D tax credit refunds. Changing the burden of proof: The memorandum announced that R&D refund claims must include written supporting documentation, which the IRS will review to…

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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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How Payment Facilitators Can Leverage the R&D Tax Credit

At a glance: Are you eligible? Businesses — including those that facilitate payments — can reap major savings from the R&D tax credit, but many miss out on the benefit because they don’t think they qualify. Get your questions answered: If you are a payment facilitator and unsure of how the R&D credit works, check…

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R&D Demystified: A Recap of the Rules You Should Know

At a glance: Get credit where credit Is due: For both U.S.- and U.K.-based companies, the R&D tax credit is one of the most lucrative benefits available, especially for firms that are involved in innovative projects. Break through the complexity: Like many areas of the tax law, the rules around the R&D tax credit can…

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