Thanks to these updated regulations, non-traditional software companies that are investing time and efforts into the development of internal use software to build and streamline their business functions, can expect to receive a substantial boost in their ability to claim R&D based tax incentives.
Michigan Senate Bill 378 would reinstate the R&D tax credit.
Jeffrey Feingold, founder and managing shareholder of Tax Point Advisors, was recently featured in the recent blog for award-winning financial services software company Wave Apps.
Many companies that manufacture plastic injection molds do not realize that their business is filled with research and development (R&D) activities that qualify for valuable tax credits.
Architectural firms across the US are often missing out when it comes to federal research and development (R&D) tax credits.
Often, R&D credits are mistakenly assumed to apply only to the creation of a new product, but package designs for the products can also qualify for tax credits in a number of ways.
Shaun Yeh, national tax practice director for Tax Point Advisors, will be a featured program speaker at the ACEC Midwest States Conference on June 7th, 2019.
Companies across every industry throughout Illinois are continually investing in new and improved products to compete in the global economy. Extending the R&D state tax credits encourages them to invest those dollars right there in Illinois.
Efforts made to design and develop new products and manufacturing processes for improved performance and efficiency in the sunscreen industry can qualify for R&D tax credits.