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R&D Tax Credits Remain Strong Despite Tax Reform

R&D Tax Credits Remain Strong Despite Tax Reform

Since federal research and development tax credits were first introduced into law back in 1981, they have been recognized as a key factor in driving US innovation across a wide range of industries. As Congress begins to take up the challenge of tax reform in late 2017, I’m regularly quizzed about the future of the R&D tax credit.

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Are You Missing Out on R&D Tax Credits?

Are You Missing Out on R&D Tax Credits?

Presently, U.S. manufacturers and technology companies in the know are leveraging R&D tax credits to the tune of $15 billion a year, yet evidence shows that most eligible businesses are leaving substantial tax dollars on the table that otherwise could be reinvested in their businesses. So why are so few companies claiming R&D tax credits? …

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R&D Tax Credits Now Provide Payroll Tax Relief

R&D Tax Credits Now Provide Payroll Tax Relief

Without question, one of the major highlights of the recently enacted PATH Act of 2015 is the provision making the R&D Tax Credit permanent. The permanency of the credit provides the owners and leaders of manufacturing and technology companies the fiscal certainty necessary to make important decisions concerning their investments in innovation without heed of …

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How companies have pivoted to reinvent and enhance their business with the r&d tax credit

How companies have pivoted to reinvent and enhance their business with the r&d tax credit

We have seen innovation making a real impact on our society as a whole during this unique time. While there are still people worried about the economy and their businesses, it’s been wonderful to see the Manufacturing industry shift their processes and product lines to fill the urgent need for consumers, healthcare providers, and emergency responders during the Coronavirus crisis. I see these folks as heroes.

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Game Development: The Quest to Generate Cash With The R&D Tax Credit

Game Development: The Quest to Generate Cash With The R&D Tax Credit

Last year, Forbes reported that the video game industry is growing so quickly that some analysts
predict that it will generate over $300 billion annually by 2025. It is at the top of the list of industries
that is in a war of constant one-upmanship. This landscape has sent production costs for AAA titles through the roof, some
titles, costing more than $250 million. With this constantly changing landscape, the risk inherent to development increases
constantly and for some development studios, especially in the small-to-midsize space, every dollar that can add to the
runway is another dollar keeping the studio’s doors open.

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HOW MORTGAGE BANKING QUALIFIES FOR THE R&D TAX CREDIT

HOW MORTGAGE BANKING QUALIFIES FOR THE R&D TAX CREDIT

With the extended tax return filing deadlines upon us, soon it will be planning season and time to flex your tax consulting skills. Certainly you wouldn’t mind another weapon in your arsenal. That’s where R&D credits for software applications come in. By software applications, I don’t mean creating your own internal A/P system or accounting package, although under the right circumstances, that can definitely qualify. I mean the development of an application for the company’s use to reach their clients, connect with their suppliers, improve the customer experience, bring in external data used in their business, streamline their operations, go to market in a new way, or deliver a product or service differently.

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R&D Tax Credits and Business Application Software : Another Arrow in Your Tax Planning Quiver

R&D Tax Credits and Business Application Software : Another Arrow in Your Tax Planning Quiver

With the extended tax return filing deadlines upon us, soon it will be planning season and time to flex your tax consulting skills. Certainly you wouldn’t mind another weapon in your arsenal. That’s where R&D credits for software applications come in. By software applications, I don’t mean creating your own internal A/P system or accounting package, although under the right circumstances, that can definitely qualify. I mean the development of an application for the company’s use to reach their clients, connect with their suppliers, improve the customer experience, bring in external data used in their business, streamline their operations, go to market in a new way, or deliver a product or service differently.

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How R&D Tax Credits Provide Tangible Value

How R&D Tax Credits Provide Tangible Value

The R&D tax credit can help companies generate much needed cash flow by offsetting taxes owedor paid.In many cases, the cash generated is used by companies to grow and remain competitive byfunding additional research activities perhapsleading to expanded manufacturing lines or

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Navigating The R&D Tax Credit: Internal Use Software

Navigating The R&D Tax Credit: Internal Use Software

Internal Use Software (IUS) includes software applications, operating systems and related resources used torun a business and serve customers. Many small, midsized and even larger U.S. companies currently do nottake advantage of Federal & State tax credits available for IUS research and development (R&D)

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The Pandemic’s Impact on The IRS

The Pandemic’s Impact on The IRS

We are currently in unprecedented times, with regular routines and business and social norms being disrupted in attempts to minimize the impact of COVID-19. The disruption is not only limited to individuals or even businesses but also is affecting governmental agencies, as seen most clearly by the impact on the IRS.

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