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Can the r&d tax credit be used to offset the alternative minimum tax?

R&D Payroll Tax Credit

The Research and Development payroll tax credit, also known as the R&D payroll tax credit is a tax incentive designed for qualified businesses to offset their payroll tax. It is designed for new companies that perform research and technology development activities to be able to apply up to $250,000 of research credit against payroll tax liability.

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Is Your A&E Firm Benefiting from R&D Tax Credits?

Is Your A&E Firm Benefiting from R&D Tax Credits?

A&E firms, whether developing a sky-rise office building in Manhattan, an advanced suspension bridge or a suburban shopping mall, are faced with a host of technical challenges that require their engineers and technical leaders to devise solutions that are unique, viable and cost effective…..

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Wondering How to Offset Payroll Tax with R&D Tax Credits?

Wondering How to Offset Payroll Tax with R&D Tax Credits?

The Protecting Americans from Tax Hikes Act of 2015 (The PATH Act) created an opportunity for qualified small businesses to offset all or a portion of their contribution to payroll tax using federal R&D tax credits for up to five years. Business owners and executives interested in saving valuable payroll tax dollars need to understand the following key points.

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Impact of the Tax Cuts and Jobs Act on R&D Tax Credits

Impact of the Tax Cuts and Jobs Act on R&D Tax Credits

The largest and most complex tax cut in U.S. history, the Tax Cuts and Jobs Act (TCJA), has left American business owners wondering how the changes to the tax code will affect them and their businesses. In the coming months, business executives and their tax preparers will be scurrying to reformulate their tax strategies and business plans ahead of year’s end.

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8 Things to Consider When Choosing an R&D Tax Credit Practitioner

8 Things to Consider When Choosing an R&D Tax Credit Practitioner

The Tax Cuts and Jobs Act that was recently passed by Congress raised a lot of concerns and questions about the future of the R&D tax credit. You may be asking yourself, “How do I choose a qualified R&D tax credit specialist who can assist my business identify activities and expenses that qualify for the credit, and maximize the cash benefit?”

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Food Manufacturers Benefit from R&D Tax Incentives

Food Manufacturers Benefit from R&D Tax Incentives

During the holiday season, many of us end up at a holiday party or two, celebrating with friends, family, and colleagues. It so happens, I was at a holiday gathering recently where a business colleague and I were sampling sweets while discussing corporate taxes when she asked, “Do cookie makers qualify for R&D tax credits?”

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Substantial Tax Credits for Construction & Engineering Firms

Substantial Tax Credits for Construction & Engineering Firms

It may come as a surprise to some industry professionals that many construction and engineering firms invest significant amounts of money in research and development, yet never claim tax credits for it. The fact of the matter is that there are substantial tax incentives available in much of the typical work conducted by construction and engineering companies.

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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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New Small Firm Cost Seg Opportunities

Cost segregation is a highly beneficial and widely accepted tax compliance strategy utilized by commercial real estate owners and tenants to accelerate depreciation deductions, defer tax and improve cash flow.

By Brian Coddington | 12 April

Can the R&D Tax Credit Be Used to Offset the AMT?

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.

By Alex Pak | 7 April

How the R&D Tax Credit Has Expanded Over the Years

Governments typically incentivize private industry to produce research and development (R&D) as a strategic tool to advance their economies.

By Deb Roth | 8 April

The Nine-Point Plan for Handling §179D

Section §179D can help your commercial real estate clients reduce taxable income and increase cash flow significantly.

By Source Advisors | 24 March

Reconciliation bill likely to have a tax impact on energy-efficient buildings

It’s no secret that climate change is a top priority for the current administration. As part of the hotly debated tax and spending legislation moving through Congress

By Source Advisors | 28 October

How Integrators Can Take Advantage of Incentives and Tax Savings

Integrators who have experienced a dip in business during the pandemic may be able to take advantage of a few lesser known tax credits and income tax deductions.

By Source Advisors | 11 August

Tax incentives for energy-efficient buildings would grow if BBB passes

As part of the hotly debated tax and spending legislation moving through Congress — referred to as the Build Back Better Act — the House proposed a laundry list of investments and incentives for upgrading homes and buildings. The $1.7 trillion BBBA also includes dozens of proposals promoting electric vehicles, energy storage, renewable power and a more dynamic electric grid.

By Source Advisors | 29 December

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