R&D Credit Guidelines for Startup Companies

With 2017 fast approaching, business owners and executives at startup companies should be preparing to claim the research & development tax credit. Why now?  For the first time, Qualified Small Businesses (“QSBs”), (companies under $5MM in gross receipts with less than 5 years of revenue), who normally could not utilize a Federal income tax credit, Read the full article…


R&D Tax Credit Alternative Minimum Tax (AMT) Offset

New legislation allows eligible businesses to offset the R&D credit against alternative minimum tax. Beginning in 2016, eligible small businesses can claim the R&D credit against the AMT. The ability to offset the credit against AMT removes a significant obstacle previously associated with utilization of R&D credits. Under the PATH Act of 2015, which made Read the full article…


R&D Tax Credit Do’s and Don’ts for the Construction Industry

Guidelines When Identifying R&D Credit Opportunities.  R&D credit service providers are looking at construction industry companies to identify R&D tax credit opportunities. Design/build, general contractors, and specialists such as electrical and mechanical/HVAC contractors are all candidates for potential R&D credit claims. There are many construction companies whose activities and projects will qualify for R&D tax credits.  Read the full article…


Modified Treasury Regulations Allows More Taxpayers to Capture R&D Credits for Prior Years

Earlier this week, The US Department of the Treasury announced planned modifications to the Federal R&D Tax Credit (see TD 9666 here, press release from the office of Sen. Christopher Coons here) which will allow taxpayers to elect the Alternative Simplified Credit (“ASC”) method for calculating the R&D Credit on an amended tax return.  Previously, Read the full article…


Bipartisan Group of Senators Proposes “The Start Up Act 2.0”

Last week, a bipartisan group of four U.S. Senators – Sen. Marco Rubio (R-FL), Sen. Jerry Moran (R-KS), Sen. Mark Warner (D-VA), and Sen. Chris Coons (D-DE) – introduced a bill titled “The Start-up Act 2.0”.  The legislation is designed to address perceived difficulties facing early-stage “STEM” (Science, Technology, Engineering & Mathematics”) based companies.  The Read the full article…


Proposed 2013 Federal Budget Calls for Additions, Changes, and Enhancements to Business Incentives

The Obama Administration has released its fiscal year 2013 budget (the full “greenbook” can be viewed here).  While the likelihood of these provisions becoming law in an election year may be questionable, we’d like to highlight a couple of the additions, changes and enhancements proposed to business tax incentives: Establishment of an “In-sourcing” Tax Credit for Read the full article…