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R&D Tax Credit Documentation Requirements

Source Advisors May 24, 2026

The Research & Development (R&D) Tax Credit can provide valuable tax savings for businesses investing in innovation. However, qualifying activities alone are not enough to secure the credit. Companies must also maintain adequate documentation to support their claim and demonstrate compliance with IRS requirements. As IRS scrutiny of R&D tax credit claims continues to increase, proper recordkeeping has become one

R&D

R&D Tax Credit Documentation Requirements

Source Advisors May 24, 2026

R&D

The R&D 4-Part Test: How to Determine Eligibility for the Research & Development Tax Credit

The Research & Development (R&D) Tax Credit is one of the most valuable tax incentives available to businesses investing in innovation. However, not every project qualifies. To determine eligibility, the IRS applies a framework known as the R&D 4-Part Test under Internal Revenue Code (IRC) Section 41. Understanding how this

Source Advisors May 7, 2026

R&D

R&D Tax Credit Documentation Requirements

The Research & Development (R&D) Tax Credit can provide valuable tax savings for businesses investing in innovation. However, qualifying activities

Source Advisors May 24, 2026

R&D

The R&D 4-Part Test: How to Determine Eligibility for the Research & Development Tax Credit

The Research & Development (R&D) Tax Credit is one of the most valuable tax incentives available to businesses investing in

Source Advisors May 7, 2026

washington business people working at table with laptop

Sales & Use Tax

What is a Reverse Sales & Use Tax Audit?

A Reverse Sales & Use Tax Audit (RSUTA) is a structured review of prior period purchase activity designed to identify

Kamal Shah, CPA April 16, 2026

R&D

R&D

How does the R&D Tax Credit’s “Startup Provision” Work?

R&D Tax Credit Startup Activities and Industries With the expansion of the Research and Development Tax Credit over the years, more

Alex Pak November 13, 2021

R&D

How has the R&D Tax Credit Expanded Over the Years?

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

Deb Roth, CPA November 13, 2021

R&D

How do you Calculate R&D Tax Credit Expenses?

How to Calculate R&D Tax Credits There are two general methods for computing the Research and Development Tax Credit, the

Alex Pak November 12, 2021

R&D

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

Alex Pak January 25, 2021

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

Deb Roth, CPA January 23, 2021

R&D

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

Rachel Bishop, CPA January 21, 2021

R&D

Understanding the Alternative Simplified Credit Calculation for R&D

The Research and Development (R&D) Tax Credit is a valuable incentive offered by the US government to encourage innovation. However, calculating this credit can involve complex formulas and historical data analysis. This is where the Alternative Simplified Credit (ASC) method comes in, offering a streamlined approach for qualifying businesses. Traditional

Rachel Bishop, CPA April 12, 2024

R&D

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

Deb Roth, CPA April 1, 2024

Cost Segregation

Cost Seg

How Cost Segregation Studies Work

Are You Looking to Free Up Capital for Your Company? Cost Segregation studies might be the solution you need. By accelerating the depreciation of tangible personal property (§1245), land improvements, and Qualified Improvement Property (QIP) as well as identifying various expensing opportunities associated with commercial and residential properties, a Cost

Greg Bryant May 9, 2023

Cost Seg

What to Look for When Evaluating a Cost Segregation Provider

Choosing the right cost segregation provider is a vital part of optimizing tax savings for your business. The provider you choose should be reliable, experienced, and capable of providing high-quality cost segregation services that fit your business needs. Below is a list of essential factors to consider when evaluating a

Raul Soto November 11, 2021

Energy

Sales & Use Tax

Sales Tax Registration Requirements for Businesses

Sales Tax Registration for Businesses A business that is selling goods and services within a state must register with the

Chris Vignone January 24, 2023

Sales & Use Tax

What is New York City’s Commercial Rent Tax?

What is New York City’s Commercial Rent Tax? The Commercial Rent Tax (CRT) is a tax imposed on businesses that

Kamal Shah, CPA January 20, 2023

Sales & Use Tax

Sales Tax Voluntary Disclosure Agreements

What is a sales tax voluntary Disclosure Agreement (VDA)? A sales tax voluntary disclosure agreement (VDA) is a program offered

Chris Vignone January 18, 2023

California Legislature paperwork and calculator

Sales & Use Tax

Sales Tax Refund Claims: What You Need to Know

If you have paid sales tax in error or have paid more sales tax than you owe, you may be

George Messropian January 10, 2023

What Happens If You Don’t Collect or Remit Sales Tax?

Over the past four years, the sales tax landscape in the United States has changed significantly. The introduction of economic nexus –

Chris Vignone March 23, 2022

Sales & Use Tax

Sales Tax Rules and SaaS in Maryland

Maryland Declares SaaS Taxable The hottest topic in the State & Local Tax community has been the emergence of tax

Chris Vignone August 10, 2021

Sales & Use Tax

Understanding Sales and Use Tax Audits

Sales and use taxes are the lifeblood of many state and local governments. But for businesses, navigating the complexities of sales tax compliance and facing a potential audit can be stressful. This blog aims to shed light on what sales and use tax audits are and how to prepare for

Chris Vignone April 10, 2024

business women going through a stack of papers

Sales & Use Tax

You Received a Sales & Use Tax Audit Notice. What Do You Do Now?

Sales & use tax audit notices are never a great letter to receive in the mail. But, by following the steps outlined in this article, they may not be as bad as they seem. Whether you are running a service or product-based business, it does not take much for sales

Benjamin Kluwgant April 5, 2024