In part one of this two-part blog series, we discussed the differences between SBIR grants and R&D tax credits and reviewed how each can be used to fund innovative research for businesses. Now we are going to discuss how research…
By: Brett Barton, Director, Tri-Merit Key Takeaways: Qualified expenses can be found within smaller components of larger projects The aggregate of these subset development expenses can add up to significant tax savings Understanding what to look for is critical in…
Your tax clients expect the CPAs at your firm to provide guidance and advice that lead them to where growth opportunities lie -- increasing their ability to make profitable business decisions. Many CPAs focus on performing tax accounting only as…
New legislation has been introduced by Senator Chris Coons of Delaware that will boost federal investment in private American businesses that perform research and development (R&D), including activities that will help fight the Coronavirus and rebuild the economy. The bipartisan,…
It is no secret that to remain competitive, engineering firms must continue to invest in research and development, but finding the cash to do so can be difficult. The Research and Development (R&D) Tax Credit was designed to promote technical…
American companies in various industries are pitching in to help fight against coronavirus and COVID-19. How does the R&D tax credit apply towards these efforts? By: Shaun Yeh, Director, Tri-Merit The R&D tax credit is a powerful federal tax incentive…
Investing capital into new ideas can be overwhelming, especially for small businesses, but it’s often necessary to improve the products and services offered or create new and innovative solutions. In order to create and improve technologies and products, it is…
A cost segregation analysis is the process of looking at and reallocating engineering-based costs relating to the construction, renovation or acquisition of a building. When properly done, this could result in additional accelerated deductions and increased cash flow. Cost-segregation studies,…
On December 20, 2019, a new spending bill with tax extenders was signed and with tax season upon us, people in industries that benefit from these extensions look forward to taking advantage of energy credits that were thought to no…
The Research & Development Tax Credit (R&D tax credit) is a dollar-for-dollar federal tax credit that incentivizes the development of new or improved products or processes. Potentially any company that performs "qualifying research activities" (QRAs) on U.S. soil can take…