Posts Tagged ‘R&D Tax Credit’
Manufacturers: Maximize Your R&D Tax Credits
R&D Road Trip: Exploring the 37 State R&D Tax Credits
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…
Read MoreWhen are U.S. Government Contractors Eligible for the R&D Tax Credit?
At a glance The full story: Many companies often incorrectly assume that any work performed as part of the scope of a government contract is disqualified from the R&D Tax Credit because it is government-funded. In actuality, many of the research and development activities involved through the performance on government contracts can qualify, meaning government…
Read MoreRaising the Stakes for R&D Tax Credit Refunds
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…
Read MoreNew CHIPS Tax Credit Provides Opportunities and Complexity for Companies and Investors in Superconductor Manufacturing
At a glance The main takeaway: The recently passed CHIPS Act creates a new Advanced Manufacturing Tax Credit to provide incentives for US companies to invest in domestic semiconductor manufacturing. The Act allows a credit of up to 25% of qualified investment amounts in facilities or equipment used to manufacture semiconductors in the US. There are…
Read MoreIt’s Official: Software Development Included in Tax Definition of R&D
At a glance The bad news: Changes to the tax code recently went into effect requiring all R&D costs to be capitalized and amortized, including software development. The good news: These changes provide more clarity regarding the eligibility to classify all internally-developed software as R&D costs, further strengthening the position to include certain software development…
Read MoreWebinar: How R&D Expenditures Can Impact Your 2022 Tax Plan and Beyond
The Tax Cuts and Jobs Act of 2017 (TCJA) made significant changes to Section 174 that will affect companies that perform research and development (R&D). Join the webinar to understand how these changes can impact your 2022 tax year and into the future. This webinar will covers: How these changes impact your R&D expenses Developing…
Read MoreNew 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…
Read MoreThe Pulse on the Economy and Capital Markets: Nov 29 – Dec 3, 2021
At a glance: Overall, the markets struggled with commodities and crypto declining and Bitcoin fell 15 percent over the weekend. The defensive nature of the bond markets makes them the MVP over the last week. Investors are keeping an eye on how the Federal Reserve will address inflation. Technology markets saw semiconductors hold on strong…
Read MoreInfluencer Marketing Has Taken Over: What is it and How Will Your Business Benefit?
At a glance Not a passing trend: Influencer marketing is hot. In fact, more companies are adding some form of it into their marketing strategies. Driving engagement makes a big impact: Influencers connect with their followers in a more personalized way, which can set trends and start conversations that ultimately drive sales. Be smart about your partners: The…
Read More