Jan 14, 2021 | Latest Updates
Every product begins life as an idea. This idea will influence the entire product development process. The success of the idea will always be judged on how well it solves a problem or improves the day-to-day life of consumers. The key to creating a successful product...
Jan 12, 2021 | Latest Updates
There is no question that a great deal of information is available about the cost segregation process. However, there are common misunderstandings associated with the process and the term itself. This article will clear up some of the misunderstandings about cost...
Nov 19, 2020 | Latest Updates
Author: Phil Williams, JD, BSME Several activities undertaken by companies in the cannabis industry would generally be considered research and development for purposes of the federal Research and Development (R&D) Tax Credit. The Agriculture Improvement Act of...
Oct 28, 2020 | Latest Updates
In an effort to rebuild the economy for workers, families, and small businesses, the Commitment to American GROWTH Act will lock in key provisions to help support businesses and maximize innovation through research and development. The legislation was introduced by...
Sep 24, 2020 | Latest Updates
Randy Crabtree, CPA and Phil Williams, JD, BSME We have had many CPA’s recently ask how expenses included on the Payroll Protection Program (PPP) loan forgiveness application will affect taxpayers’ R&D credits for 2020. They also want to know if we have any...
Aug 13, 2020 | Latest Updates
No large or small business owner wants to hear that they are being audited – especially if they have never experienced the situation before. As a CPA firm, it is your job to help clients navigate the process, help them prepare for the audit, and ultimately put...
