With a permanent R&D credit, taxpayers can more effectively plan and commit to long-term investments in their R&D and innovation.
For the first time since 1937, farmers will be allowed to legally grow industrial hemp throughout the United States thanks to the passing of the U.S. Farm Bill in 2018. Hemp is a versatile plant with thousands of applications across multiple industries.
Using your R&D tax credit knowledge, you can then offer these specialty services to your clients. You can help with the process of capturing the correct R&D documentation throughout their daily operations and all future projects.
As an investor, you should be knowledgeable of the R&D tax credit and its value as a powerful source of funding that can boost your portfolio and give you the added edge over your competition.
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.