Posts by Carli Huband
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…
Read MoreR&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…
Read MoreIs Your Multinational Startup Investing in R&D? Key Considerations for Structuring Your Operations
At a glance: International business = more tax liability: Though opportunities abound across borders, there is a host of tax considerations to watch for, which could potentially conflict with certain incentives, like the R&D credit, if they’re not planned for properly. Holistic advice is key: By structuring your operations around potential tax traps and opportunities…
Read MoreMultinational Businesses: Will Your COVID Relief Funds Impact Your R&D Incentive Claims?
At a glance: Can You Benefit from Both? Many businesses in the U.S. and the U.K. wonder whether they’re eligible to reap the benefits of the R&D tax credit and various government-backed COVID-19 relief programs. Play Your Cards Right: Though most businesses can accept funding from both sources, there is a variety of caveats and…
Read MoreFunded R&D Project Documentation is Essential to Claim Credits
The R&D federal tax credit is a lucrative benefit for small and large businesses across industries. But if you don’t have the right documentation to support your claim, you could wind up missing out on your hard-earned dollars. Case in point: In a 2019 ruling, the IRS denied R&D tax credits to 12 individuals who…
Read MoreThe Newly Extended Solar Investment Tax Credit Can Brighten Your Business
Despite the news coverage, the Consolidated Appropriations Act, signed by President Trump on Sunday, December 27, 2020, contains more legislation than just the second round of individual stimulus checks. The massive omnibus bill covers everything from pandemic relief to foreign aid and includes significant wins for the renewable energy sector. Introducing the Energy Act of 2020…
Read MoreResearch & Development Tax Credit: Three and Four Point Tests
New Stats Underscore the Value of UK R&D Tax Credits
Each year, Her Majesty’s Revenue & Customs (HMRC) in the UK releases an in-depth compilation of statistics analyzing UK R&D Tax Credit claims from prior years. While these reports always provide useful insights into the relevant use and benefits of the credit, the 2020 edition provides a particularly positive outlook. More companies are benefitting than…
Read MoreWebinar: International Expansion in London and Atlanta
London and Atlanta are both global tech hubs with shared strengths across a range of sectors including AI, cybersecurity, FinTech, and eSports. Even in lockdown, the business links between cities remain strong with numerous organizations establishing and expanding their footprint in the other. Watch the on-demand webinar to hear from prominent tech pioneers on why…
Read MoreIRS Releases Draft Form 941 for Reporting Coronavirus-Related Employer Tax Credits
Taxpayers and tax preparers have been awaiting revised tax forms and instructions since the introduction of the new employment tax credits stemming from the coronavirus relief legislation, including the FFCRA and the CARES Act. On April 29, the IRS finally released a Draft Form 941 (the Employer’s Quarterly Federal Tax Return), which included 23 new…
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