Cost Segregation - A Strategic Tax Planning Tool Worth Investigating

Cost segregation is an extremely beneficial and widely used tax strategy, used by commercial property owners to significantly reduce taxable income as well as increase cash flow.

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Ohio R&D Tax Credit Qualifications

The R&D Tax Credit Ohio is available annually and is based upon qualified research expenses in Ohio allowed under section (s.) 41 of the Internal Revenue Code (IRC). The Ohio Research and Development Investment Tax Credit, which is authorized within Section 5751.51 of the Ohio Revised Code, is a nonrefundable credit against the Commercial Activity Tax (CAT). Qualifying expenses fit into two categories: in-house research expenses and contracted research expenses.

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R&D Credits for Green Building and Green Technology

Going green has been viewed by many as the way to pull us out of economic problems, to create new jobs, to compete in a global market, and to save the planet. This has led the U.S. government to offer expanded tax credits for green building and green technology.

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Does the PPP or Payroll Protection Plan Loan Lower 2019 R&D Tax Credits?

Some taxpayers may have a reduced 2019 R&D tax credit as the result of a negative impact of the Payroll Protection Plan loan program, an impact unintended by Congress.  

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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. 

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Tax Credits Available for Construction and Engineering Firms

Evaluation of Qualifying R&D Tax Credit Activities in the Construction Industry

Contractors that provide design-build services, use new and innovative construction techniques, and enlist engineers and architects to provide construction services are most likely to qualify for Federal and state research and development credits.

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U.S. Rep. Walorski Introduces Bill to Double R&D Tax Credit

On July 23, U.S. Rep. Jackie Walorski (R-IN) along with cosponsor Rep. Jodey Arrington (R-TX) sponsored H.R. 7766. This legislation would double the traditional research and development tax credits, and make it easier for small businesses and start ups to access the tax credit incentive.

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R&D is Essential for Boosting the American Economy

R&D provides a platform for creativity and innovation to flourish and your company to stay relevant. The research and development (R&D) tax credit provides motivation for companies to advance innovation in the United States.

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The U.S. Pharmaceutical Industry’s Race to End COVID-19

Any company producing new antibiotics or infection fighting equipment, utilized to combat COVID-19 are certainly at the forefront of all medical research being conducted in the U.S. currently. These lifesaving efforts can be supported by the R&D tax credits.

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U.S. Manufacturing Industry is Driven by Increasing R&D Innovation During this Global Pandemic

Manufacturing companies are responding by pivoting their operations to produce products to help in the fight against COVID-19.

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Simplified Massachusetts R&D Tax Credit

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