LBMC advises clients on the nuances of garnering discretionary incentives at the federal, state, and local level and ensures ongoing compliance to reduce the risk of claw-backs.
Employer credits are available to employers who offer paid family and medical leave.
The purpose of R&D tax credits is to reward companies for investments in developing new or improved products, processes, or techniques. View our checklist to see if your investments qualify.
Due to the high-volume of innovation and disruption in the healthcare industry, R&D tax credit opportunities may arise when least expected.
A company can now be required to collect sales tax by simply selling over the internet or by using any other method, regardless of whether the company or its representatives ever step foot into the state.
While Bitcoin and Ethereum investors may still have an expectation of profit, investors cannot rely on the efforts of a third party for those returns.
New IRS regulations could allow more businesses to take an R&D tax credit against the costs of developing software for internal use. In most cases, but not all, a tax credit is much more valuable than a tax deduction.
On Jan. 30 Tennessee Governor Haslam announced his plan to make community college free for all Tennessee adults.
Who should take a proactive approach to state and local tax minimization with negotiated incentives?
If your business has purchased equipment for research and development, a change in the law last year could mean you get valuable tax credits.