Do Your Business Activities Qualify for R&D Tax Credits?

Think about it—only one out of every 20 eligible businesses takes advantage of the research and development (R&D) tax credit. That’s because many business owners don’t realize that their industry is ripe with eligible activities. While many industries have qualifying activities, an R&D tax credit study can help you determine which activities qualify.

Read full story


Pharmaceutical Companies: Seize R&D Tax Credit Opportunities

According to a recent industry report, the U.S. pharmaceutical industry spends more than $100 billion annually on research and development (R&D) activities involving the development, design and testing of new or improved pharmaceutical drugs. Many of these activities qualify for federal and state R&D tax credits; is your company taking advantage of this opportunity to reinvest in the growth of your company?

Read full story


FREE E-Book: The Business Owner’s Guide to R&D Tax Credits

Businesses in industries across the spectrum are missing out on tens – even hundreds – of thousands of dollars in money-saving opportunities each year because of misconceptions about industry and/or qualifying activities. If you are a business owner who is unsure if your activities qualify for R&D tax credits, make sure to check out our most recent e-book: "The Business Owner’s Guide to R&D Tax Credits"

Read full story


Why CPA Firms Should Partner with an R&D Tax Credit Expert

Whenever a firm offers a specific, highly detailed service, it is a good practice to draw on the expertise of a specialist. That is why we recommend that CPA firms partner with an outside expert to manage the nuts and bolts of an R&D tax credit study for their clients. Most firms don’t have the expertise or time necessary to perform this type of credit study, and it’s far more cost-effective to outsource the effort.

Read full story


Texas R&D Tax Incentives

Companies engaged in research and development (R&D) activities in the state of Texas can receive reductions in either applicable sales tax or franchise tax with certain qualifications. The Texas R&D credit represents an outstanding opportunity for taxpayers to receive credit for qualified research expenses they are conducting. This incentive is in addition to the federal R&D tax program, which Congress made permanent in 2015.

Read full story


Valuable R&D Tax Credits for the Life Sciences/Biotech Industries

A growing trend for biotechnology and pharmaceutical companies is the move away from putting most investment resources behind one or two super drugs. Instead, they are diversifying behind a more comprehensive portfolio of products. Not surprisingly, there is a host of R&D activities that must take place to vet and launch each product, and many of these activities may qualify for the R&D tax credit.

Read full story


Final IRS Regulations Allow R&D Tax Credits for Certain Internal Use Software

The IRS has issued final rules that clarify whether software that a company develops for its own internal use can qualify for the research and development (R&D) tax credit. In issuing its final regulations, the IRS also addressed the issue of whether software that a company develops for use by other companies can qualify for the tax credit. 

Read full story


Building the Case for R&D Niche within Your CPA Firm

Now that you’re convinced you can achieve firm growth by helping your clients find valuable tax credits, how do you bring your colleagues on board with you? That’s easy—demonstrate profitability! R&D tax credits are extremely profitable, more so than many traditional services.

Read full story


Will Filing for R&D Credits Increase My Audit Risk?

As a business owner, as long as you meet the IRS’ four-part test for eligibility, you may qualify for hundreds of thousands of dollars that you can use to further grow and invest in your business. Despite this lucrative opportunity, there is still one thing that holds some companies back—the fear of being audited. Understanding this concern, Tax Point Advisors provides the following answers to the question, “Will filing for R&D credits increase my chance of being audited?”

Read full story


Can Your Business Benefit from Arizona’s R&D Tax Credit Program?

Like the federal government, the state of Arizona provides a generous research and development (R&D) tax credit as an incentive to those who conduct R&D activities within the state. In Arizona, the R&D incentive provides an income tax credit for increased R&D activity within the state. Companies may also be eligible for a “basic research” credit if their payments made in cash to a qualified university or scientific research organization for research conducted in Arizona exceed a base period amount. 

Read full story





Latest from the blog

Tax Point Advisors’ Shaun Yeh will be the program speaker at the ACEC Oklahoma general membership meeting and 2018 Engineering Excellence Awards dinner on January 24th, 2019.

Read More

R&D Tax Credits Can Offset Payroll Liability for Your Small Business or Start-Up

Read More

Marijuana’s Growing Economy - Legalize It, Tax It.

Read More

Contact Us Today for a No Risk Assessment

Get Started