by Source Advisors | Jan 6, 2023 | blog, R&D
TCJA Changes that Could Impact R&D REQUEST BENEFIT ASSESSMENT One of the changes to the tax code from TCJA was the requirement to amortize all research expenses for tax years starting on or after January 1, 2022. Changes stemming from the 2017 Tax Cuts & Jobs...
by Brian Coddington | Dec 1, 2022 | blog, Energy Efficiency, R&D
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by Carly Moree | Jan 3, 2023 | R&D, BLOG_R&D
Qualifying expenditures for the R&D tax credit include salary and wages, supply costs, computer rental or lease, and contractor costs. Salary & Wages There are generally three categories of employees performing research: Employees that...
by Rachel Bishop | Feb 10, 2022 | blog, R&D
Our consultative approach sets us apart from other providers. It allows us to invest time in understanding clients’ history, current business direction and future growth objectives. Each year we re-evaluate a company’s ability to take the credit and provide ongoing...
by Alex Pak | Nov 13, 2021 | R&D, BLOG_R&D
The Protecting Americans from Tax Hikes (PATH) Act of 2015 includes provisions that allow certain taxpayers to offset their AMT liability with the R&D tax credit for taxable years beginning on or after Jan 1, 2016. AMT limitations Before the PATH Act, AMT...
by Deborah Roth | Nov 13, 2021 | BLOG_R&D, R&D
Governments typically incentivize private industry to produce research and development (R&D) as a strategic tool to advance their economies. Initially temporary, the federal R&D tax credit became the United States’ primary means for rewarding businesses for...
