Tax Point Advisors Names Shaun Yeh Director of Firm’s Southern Regional Office

Tax Point Advisors, a leading expert in research and development (R&D) tax credits and specialty tax services, has hired Shaun Yeh to head its southern regional office. 

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IRS Guidance: Small Business R&D Credits and Payroll Taxes

New IRS guidance, Notice 2017-23, eases the way for small businesses to benefit from a new option that allows them to apply a portion or all of their R&D tax credits against their payroll tax liability, rather than their income tax liability.

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IRS Fast Track Settlement Program for Small Businesses Becomes Permanent

In welcome news for taxpayers who work for themselves and businesses with assets under $10 million, the IRS has made permanent an expedited process it had been pilot testing by which small businesses and self-employed individuals (SB/SE) can resolve tax disputes.

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R&D Tax Credit Incentives for Software Development Firms

Software development is often overlooked when it comes to research and development (R&D) tax credits, which is rather ironic when you think about the innovation, creativity and invention that is such an intrinsic part of this industry. Any time your software company makes improvements to products or processes, there is a good chance that your activities may qualify for valuable R&D tax credits that can greatly reduce your tax burden.

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Arkansas Offers Valuable Research and Development Tax Credits

As part of the Consolidated Incentive Act of 2003, amended in 2007, the state of Arkansas offers valuable research and development (R&D) tax credits that may offset up to 100 percent of a business’ tax liability in a given year.

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Poultry Industry Rich with R&D Tax Credit Incentives

At first glance, it may seem unlikely that the poultry industry would have much in common with federal and state research and development (R&D) tax credits. After all, for years, R&D tax credits have been associated with large manufacturing, high-tech and medical companies. However, businesses engaged in the poultry industry are ripe with qualifying opportunities for valuable tax credits associated with the activities they conduct for improved products and/or processes.

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7 Qualities a CPA Firm Should Consider in an R&D Tax Credit Partner

Choosing an R&D tax partner that can work seamlessly with your firm can offer great value to both your firm and your clients. Here are seven important qualities to keep in mind when choosing the right R&D expert.

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New Hampshire Cap for R&D Tax Credits Set to Increase July 1, 2017

In a measure that was approved by the New Hampshire Legislature back in 2015, the total aggregate amount of the state’s R&D tax credits will increase to $7 million effective July 1, 2017. The state’s R&D tax credit program is popular—in fact, more manufacturing businesses in the state applied for the R&D credit in 2016 than ever before, far exceeding the current $2 million cap.

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Use Cost Segregation Studies to Accelerate Tax Savings

Has your company constructed, purchased, expanded or remodeled real estate? If so, you may be eligible for ten, or even hundreds of thousands of dollars in tax savings through a cost segregation study.

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R&D Tax Credit Opportunities for Metal Fabricators

Contrary to popular belief, a company does not have to manufacture an end product to qualify for tax incentives. Companies in the metal fabrication industry develop significant research and development (R&D) processes and process systems—activities that could qualify for valuable federal and state R&D tax credits.

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Latest from the blog

R&D Tax Credits for the Food Science Industry

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Clarification of Treasury Notice 2017-23 and the Payroll Tax Credit

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The Biotechnology Industry is “Growing” and Can Qualify for Significant R&D Tax Credits

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