Increased research and development (R&D) activity in the U.S. oil and gas industry has resulted in many innovative advancements in the field. Despite global competition in the oil and gas marketplace, the U.S. continues to play a vital role, and there are incentives for companies engaging in qualified R&D activities.
Identity and website tout the firm's expanded focus on R&D tax credits and other specialty tax services.
Insurance companies who develop innovative ways to deliver customer services and access information and technology, may qualify for R&D tax credit savings.
When Congress made federal R&D tax credits permanent with the PATH Act of 2015, it included a new provision that benefits startups and small businesses.
Now that the Protecting America from Tax Hikes (PATH) Act of 2015 has made federal Research & Development (R&D) tax credits permanent, CPA firms have more reason than ever to add this powerful tax-savings tool to the client services they offer.
New legislation broadens the impact of the R&D tax credit for many small-to-midsize businesses by making the credit available to many innovative businesses that previously couldn’t take advantage of the credit because their shareholders were paying AMT.
This simple four-part test will help determine if you qualify for the Research & Development Tax Credit.
The permanent extension of the R&D tax credit is a wake-up call that beckons many industries to evaluate their eligibility to apply for the credits.
