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…


Louisiana – R&D Tax Credit Program Changes

On January 3rd, 2012, Louisiana Economic Development proceeded with its plan to implement rule changes to the administration of the state’s R&D Tax Credit Program. A public hearing was held during which TRCG Advisors was the only Tax Provider to attend and provide comments to the proposed rules.  Considering some of the administrative difficulties the Read the full article…


Follow the Documentation

When it comes to documenting research and development (R&D), a vast number of companies are uncertain as to the information required to substantiate the R&D Tax Credit and may not have an organized system for tracking the developmental efforts of the Company. Even fewer companies have an R&D project accounting system to track activities and Read the full article…


Application Changes to LA R&D Credit

The LA R&D Credit application is seeing some changes. The credit still provides a benefit of up to 40% of qualified expenditures; however some applicants must now fill out an additional information request in addition to their applications. Specifically, for credit claims exceeding $100,000, the LED now requires the completion of a supplemental “Information and Read the full article…