800-260-4138
Thank you for requesting a free assessment from Tax Point Advisors. We sincerely appreciate your interest and will be back in touch with you as soon as possible.
In the meantime, please feel free to browse through our most recent blogs found below.
Please also feel free to connect with us on social media: LinkedIn, Facebook and Twitter.
And, for additional questions about R&D tax credits, contact us at any time 800-260-4138.
Innovation drives growth, and for many businesses, research and development (R&D) investments are a critical part of long-term success. Recent federal tax legislation provided welcome relief by allowing businesses to once again deduct certain research expenses immediately. However, New York State has taken a different path, creating new tax planning and compliance considerations for companies operating within the state.
Those who work in the construction industry are likely seeking ways to reduce their tax liabilities. Fortunately, there are two great ways construction companies can save thousands to millions of dollars—the research and development (R&D) tax credit and the 179D energy tax deduction.
Massachusetts recently enacted legislation that temporarily decouples the state from several tax provisions included in the federal One Big Beautiful Bill Act (OBBBA). While the federal law restored valuable tax incentives for businesses, Massachusetts has chosen to delay adoption of certain measures, creating differences between federal and state tax treatment beginning in 2025.
Many of the activities conducted by architecture firms qualify, and the benefit can mean tens of thousands of dollars in tax savings.
Wisconsin has taken a major step toward strengthening its position as a leader in manufacturing and innovation. Governor Tony Evers recently signed Senate Bill 482/Assembly Bill 494 into law, now known as 2025 Wisconsin Act 220, a bipartisan measure designed to make the state's Research & Development (R&D) Tax Credit more valuable for businesses investing in innovation.
Most contractors in the construction industries, including HVAC companies, don’t know that their day to day activities can qualify them for federal, and in some cases state, R&D tax credits.
