The TCJA created a significant change for research expenditures defined under section 174, which are expenditures that represent a research and development cost in the experimental or laboratory sense.
Service: Research and Development Credits
The research and development tax credit (commonly referred to as the R&D Tax Credit) practice conducts retroactive studies, current year engagements, and risk advisory services.
Due to the high-volume of innovation and disruption in the healthcare industry, R&D tax credit opportunities may arise when least expected.
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.
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.
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?