Posts Tagged ‘R&D Tax Credit’
R&D Expenses Under the Build Back Better Act
At a glance The main takeaway: Venture Capitalists, private equity firms and companies who heavily invest in R&D may face increased compliance from the proposed Build Bact Better Act. Impact on you and your business: For now, U.S. taxpayers might receive a five-year reprieve on the new R&D amortization requirement, but changes are expected on future tax…
Read MoreDoes 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…
Read MoreInfrastructure Investment Jobs Act and Build Back Better Act: What’s in these Bills and the Impact on You and Your Business
At a glance: The Infrastructure Investment Jobs Act passed by Congress on November 5, 2021 has been sent to President Biden to sign. Learn about the incentives included and how they may benefit you and who will pay for the benefits. Learn about the new crypto filing requirements that will impact everyone involved in investing…
Read MoreBreaking: 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…
Read MoreWill You Be Able to Deduct R&D Expenses in the Future?
At a glance The main takeaway: The tax legislation passed in 2017 removed the immediate expensing of R&D costs beginning January 1, 2022. What this means for you: With the end of 2021 fast approaching, businesses that incur foreign and domestic R&D costs need to understand how this change may affect their tax situation if…
Read MoreHow 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 MoreNew R&D Expense Amortization May Hurt Cash Flows, Valuations
Research and development, which is the lifeblood that keeps many companies competitive, will soon lose some of its advantageous tax treatment and that change may crimp cash flows and depress valuations. A new provision in President Donald J. Trump’s tax reform law requires R&D expenses to be amortized over five years instead of all at…
Read MoreSales Engineers in Manufacturing Are a Best-Kept Secret for R&D Tax Credit
Industrial manufacturers that employ technical sales engineers might be unaware they can take advantage of the R&D Tax Credit. A sales engineer sells technologically and scientifically advanced products and services for which extensive knowledge of related processes and applications is necessary. Think diagnostic medical equipment, industrial machinery and engineering design services Manufacturers often don’t realize…
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