In a surprising move, the Internal Revenue Service (IRS) recently announced an immediate halt to the processing of new Employee Retention Credit (ERC) claims, citing suspicions of fraudulent activity and the sheer volume of claims submitted.
Once you know what type of research and projects your competitors are producing, it gives you a better perspective of where you need to put in more effort and resources with your R&D.
Meat alternatives are clearly having a moment in the spotlight and experimentation and development will determine if this is a fad or our future.
Time is of the essence for businesses looking to take advantage of the Employee Retention Credit (ERC). As the deadline for claiming this valuable tax credit draws near, it's crucial for business owners and employers to understand the benefits, eligibility criteria, and how to navigate the process.
Architectural firms across the US are often missing out when it comes to federal research and development (R&D) tax credits.
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.
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.
Arizona offers a variety of tax credits, including R&D tax credits, to businesses and organizations that are looking to maximize their savings. R&D tax credits are available for research and development activities, and they provide businesses in Arizona with a powerful incentive to invest in new products, processes, and technologies. By understanding how these tax credits work, businesses in Arizona can significantly reduce their taxes and better leverage their investments in research and development.
If your company is conducting 3D metal printing research and development activities, you may qualify for and benefit from R&D tax credits.
Solar technology companies are an integral part of the renewable energy industry and often do not realize that their day to day activities could be eligible for federal and some state R&D tax credits.