Many companies do simulations, modeling, or hypothesize to improve something they already do or create a new product. If this sounds like your company, you could be saving money on your taxes. So...
Insights
R&D Tax Credit Studies: The Elimination of Uncertainty Test
Jasmine Inge99 percent of people would agree that by improving the look of something you make it better than it was. Well for the research and development tax credit, you need to do more than just...
401(k) Plans Can be a Business Owner’s Best Friend
Jaime NicholsMany small business owners see a 401(k) as an unnecessary expense they may not be able to afford. However, a 401(k) plan is not out of reach and is incredibly beneficial to business...
R&D Tax Credit Studies: What is the Permitted Purpose test and why does it matter?
Jasmine IngeMany people hear about all the ‘work’ associated with completing a research and development (R&D) tax credit study, but the reality is that the savings associated with this credit...
R&D Tax Credit for Architects: Let the Government Pay You for Your Great Designs
Jason George CPAThe Research and Development (R&D) tax credit is often thought of as a credit created for research done by scientists with white lab coats in a laboratory. This is simply not...
Is the Research and Development (R&D) Tax Credit Worth the Hassle?
Jasmine IngeIn a world where technology reigns supreme, more people than ever could qualify for the research and development tax credit. Under section 41 of the Internal Revenue Code, companies that...
Does Your Business Qualify for the Research and Development (R&D) Tax Credit?
Mohsena Wahed CPADepending on the industry, did you know that many of your everyday operations might qualify for dollar-to-dollar reduction of your income tax? If your company creates products that...
Demystifying the Research and Development Tax Credit
Robert KempfHave you heard of the Research and Development (R&D) Tax Credit? The Credit for Increasing Research Activities was originally enacted by Congress in 1981 to incentivize research and...