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Washington Business & Occupation (B&O) Tax is a tax imposed by the state of Washington on the privilege of doing business within the state. It is a tax on gross receipts, regardless of profit, and is based on the type of business activity being conducted. The tax is imposed on companies operating a business in the state, including out-of-state businesses
Washington Business & Occupation (B&O) Tax is a tax imposed by the state of Washington on the privilege of doing business within the state. It is a tax on gross receipts, regardless of profit, and is based on the type of business activity being conducted. The tax is imposed on
What is Cost Segregation? A cost segregation study might be thought of as an interest free loan that frontloads the depreciation deductions a property would otherwise receive over 27.5 or 39 years. Cost segregation studies free up capital by accelerating the depreciation of § 1245 tangible personal property, land improvements, and
Washington Business & Occupation (B&O) Tax is a tax imposed by the state of Washington on the privilege of doing
What is Cost Segregation? A cost segregation study might be thought of as an interest free loan that frontloads the depreciation
The Research & Development (R&D) tax credit can significantly reduce a company’s tax liability—but qualifying isn’t as simple as doing
Companies can create a dollar-for-dollar reduction in their federal and state income tax liability. Some Benefits of the R&D Tax
How to Determine Qualified Research Expenses The IRS has established a four-part test that taxpayers must apply to each of
Unused R&D Tax Credits may still be available to eligible businesses if they file amended tax returns for the years in which
There is no set maximum amount that you can claim. If the federal R&D credit can’t be used immediately or
The R&D Tax Credit is not refundable. If you don’t owe income tax or the credit is worth more than what you
The mortgage banking industry has quietly become more and more dependent on software development over the last decade. Due to the fragmentation
Make Your R&D Tax Credit Defensible Claiming the R&D tax credit can potentially help your business offset increased cash flow. However, simply completing IRS Form 6765, Credit For Increasing Research Activities, doesn’t guarantee the IRS will approve your claim. Learn a few key things you can do to ensure your
The Research & Development (R&D) tax credit can enable businesses to increase cash flow and savings, reduce the Federal income tax rate, and receive Federal and State dollar-for-dollar income tax reductions. Specifically, a wide variety of businesses can potentially offset up to $500,000 in payroll tax liability for qualifying activities. However, there
The Role of Telecommunications in the Federal Universal Service Fund Telecommunications companies operating in the United States are subject to the Federal Universal Service Fund (USF), a program administered by the Federal Communications Commission (FCC). The USF aims to promote access to telecommunications services for all Americans, regardless of location
The Business Personal Property Tax Business Personal Property Tax is a tax assessed on tangible personal property businesses own. This type of property includes equipment, furniture, computers, machinery, and inventory, among other items not permanently attached to a building or land. Local or state government jurisdictions typically impose the tax,
Understanding Section 174 and Its Impact Section 174 of the Internal Revenue Code governs the treatment of Specified Research or
What is Section 174? Section 174 of the Internal Revenue Code now defines the treatment of Specified Research or Experimental
Section 174 Changes Impact R&D Tax Credits for Software The new changes to Section 174 have a significant impact on
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