More Businesses May Claim R&D Tax Credit Under New IRS Rules

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.

Tennessee’s Job Tax Credit and Fast Track Grant

With one of the nation’s best environments for business, economic growth that exceeds the rest of the country, and a strong outlook for continued growth, the state of Tennessee is definitely open for business.

How the PATH Act Affects R&D Tax Credits this Tax Season

The IRS released drafts of several forms related to the R&D Credit that provide additional insight regarding the payroll tax credit provision that was enacted by the PATH Act for tax years beginning after 12/31/15.

Tennessee Tax Incentives and Credit Update

Public Chapter No. 504, passed for the Department of Economic & Community Development (“ECD”) related to Tennessee’s tax incentives and credits.