Energy Tax Provisions Section 179D and Section 45L Extended Through the End of 2020

Does your business invest in energy-efficient building systems? If you are not currently benefitting from the section 179D or section 45L tax deductions, you could be losing out on thousands of dollars of tax savings. The good news is that these deductions were extended by Congress through December 31, 2020 and this extension also made these tax incentives retroactive back to the year 2016.

Read full post  |  Posted by Jeffrey Feingold on 01.07.20

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Expanding Small Business R&D Tax Credit Utilization and Avoiding Obstacles Using the Four Part Test

In July 2019, Senator Tom Tillis and Senator Maggie Hassan proposed a bill - The R&D Tax Credit Expansion Act, to expand the research and development (R&D) tax credits that can be taken against federal payroll taxes for startups and small businesses.

Read full post  |  Posted by on 12.06.19

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The Permanence of the R&D Tax Credit

With a permanent R&D credit, taxpayers can more effectively plan and commit to long-term investments in their R&D and innovation.

Read full post  |  Posted by on 10.25.19

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Thanks to the U.S Farm Bill, the Industrial Hemp Industry Can Now Claim The R&D Tax Credit

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.

Read full post  |  Posted by on 10.11.19

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Tax Point Advisors to be Featured Program Speaker for the ACEC Midwest States Conference

Tax Point Advisors, will be a featured program speaker at the ACEC Midwest States Conference on June 7th, 2019. 

Read full post  |  Posted by Jeffrey Feingold on 06.06.19

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Illinois Extends State R&D Tax Credits

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.

Read full post  |  Posted by Jeffrey Feingold on 06.03.19

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R&D Tax Credits - Heating Up Innovation Throughout the HVAC Industry

The HVAC industry is conducting activities every day that could qualify them to claim the benefits of the R&D tax credits. 

Read full post  |  Posted by William Mehi on 05.31.19

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Updated Sunscreen Rules by the FDA Could Bring Great R&D Opportunities for the Industry

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.

Read full post  |  Posted by William Mehi on 05.21.19

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

Start-ups and small to medium size companies can be using all or part of their R&D credits against their payroll tax liability.

Read full post  |  Posted by Jeffrey Feingold on 01.04.19

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

With careful planning and the understanding of applicable state tax codes, cannabis entrepreneurs can take proactive steps to reduce their state tax liabilities.

Read full post  |  Posted by Jeffrey Feingold on 12.20.18

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