According to the Office of the U.S. Trade Representatives, approximately 30 million small and mid-sized businesses (SMBs) operate in the United States. Although these organizations are in various...
Insights
IRS Announces Two-Year Delay for Roth Contribution Catch-Up Requirements
In a recent update, the Internal Revenue Service (IRS) has confirmed a two-year delay regarding the Roth contribution catch-up requirements. This provision was originally set to go in effect for...
Four Key Methods Cloud ERP Reduces Business Costs
In today's economic landscape, businesses grapple with workforce gaps, supply chain disruptions, and inflation. Consequently, many are hesitant about when to invest in a cloud ERP. While cutting...
Tax Deadlines for September 2023: What You Need to Know
With the month of September upon us also ushers in multiple federal tax deadlines. Knowing the due dates and requirements of each tax deadline can help you avoid unnecessary headaches and keep your...
Could your process of experimentation save you money?
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...
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...