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.
Tag: Credits And Incentives
Who should take a proactive approach to state and local tax minimization with negotiated incentives?
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.
Public Chapter No. 504, passed for the Department of Economic & Community Development (“ECD”) related to Tennessee’s tax incentives and credits.