Posts Tagged ‘Tax Credits’
Double Edged Sword – International Taxation Proposals Under The Recent Build Back Better Act May Result in Increased Tax and Compliance Challenges
At a glance To learn more about these potential impacts, schedule a free consultation today. The full story: The Build Back Better Act (BBBA) is the centerpiece of President Biden’s domestic social policy agenda and has been the subject of lengthy negotiations among House and Senate Democrats. This tax overhaul, like almost all tax-related legislation over the…
Read MoreBig Changes for the Crypto World Part 1: How the Infrastructure Investment and Jobs Act will Impact Cryptocurrency
At a glance Schedule a consultation with Aprio today. The full story: What does cryptocurrency have to do with infrastructure? Not much, other than the fact that it plays a role in how Congress intends to pay for the infrastructure bill. There are two primary reporting requirements which concern the crypto industry: IRS Forms 1099-B…
Read MoreBig Changes for the Crypto World Part 2: How the Proposed Provisions in the Build Back Better Act will Impact Cryptocurrency
At a glance Schedule a consultation with Aprio today. The full story: The proposed Build Back Better Act (BBBA) includes legislative text that will have significant impacts on the cryptocurrency world. There are two huge provisions within this act which will transform how gains and losses are managed in the world of investing in digital…
Read MoreR&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 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 MoreFemale Entrepreneurs: Find the Right Grant for Your Small Business
At a glance Need assistance finding and selecting the right funding option for your business? Schedule a consultation today. The full story: The competition for small-business grants is fierce, especially for women-owned businesses. Women across the globe are empowering each other, driving change and reinforcing how female entrepreneurs are fundamental to growing a strong economy. Yet…
Read MoreWhat Upcoming Tax Legislation Might Mean For You, Your Business, and Your Estate Plan
At a glance The main takeaway: House and Senate Democrats are debating and modifying President Joe Biden’s tax proposals with a view toward passing legislation as part of the budget reconciliation process. Each of the competing proposals contain tax increases, including rate changes, new or restored limitations on deductions and the likelihood of increased IRS enforcement.…
Read MoreQSBS Exemption: How to Reap Big Tax Benefits for Your Small Business
At a glance The main takeaway: The qualified small business stock (QSBS) exemption is a lucrative tax opportunity for eligible small businesses and those who invest in them. What’s in it for you: If you qualify, you can reap up to $10 million in federal tax savings by taking advantage of the QSBS exemption. Next steps: Aprio’s Tax…
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 More