Written by Barry Devine, MBA, Regional Director, Tri-Merit By now, most Architecture & Engineering (A&E) firms have heard of the benefits of the Research & Development (R&D) Tax Credit. Basically, by reducing the amount of tax that you owe, R&D…
Advising clients on how to minimize research and development costs, not to mention understanding the ins and outs of the research and development tax credit, can be a daunting task. A research and development (R&D) operation can determine how successful…
Research and product development is considered a set of activities undertaken by organizations in an effort to develop new products and improve ones that already exist. Research and development (R&D) is the key to creating new technologies that will shape…
Research and development is an integral part of many companies' operations. These processes seek to enhance existing products or discover new ones through ongoing research. In addition to creating brand-new products and services, research and development (R&D) is often undertaken…
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…
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 questions about…
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 2018 (popularly known…
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…
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…
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…