Tax Credit

Will You Be Able to Deduct R&D Expenses in the Future?

At a glance The main takeaway: The tax legislation passed in 2017 removed the immediate expensing of R&D costs beginning…

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Rehiring Workers? Hospitality Operators Should Consider the Work Opportunity Tax Credit

The Work Opportunity Tax Credit (WOTC) can serve as a viable tool to many businesses as they continue to recover…

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How Payment Facilitators Can Leverage the R&D Tax Credit

At a glance: Are you eligible? Businesses — including those that facilitate payments — can reap major savings from the…

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New Stats Underscore the Value of UK R&D Tax Credits

Each year, Her Majesty’s Revenue & Customs (HMRC) in the UK releases an in-depth compilation of statistics analyzing UK R&D…

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New Rules for Donors to State Credit Funds

In August 2020 the IRS issued final regulations on the state and local payments made to charitable entities that are…

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Restaurants and Hotels Should Weigh the Pros and Cons of the PPP Loan Versus the Employer Retention Credit Before May 14th

As congress passed the Coronavirus Aid, Relief, and Economic Security (CARES) Act and signed into law by the President on…

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Instructions for an Investor Claiming the Angel Investor Tax Credit

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Registering as a Qualified Business for Angel Tax Credit Investors

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Additional Extension: Work Opportunity Tax Credit

On June 17, 2016, the IRS issued Notice 2016-40, which extends the transition relief period for employers claiming the Work…

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Small Businesses: Don’t Overlook the Disabled Access Tax Credit

Did you know that you might be eligible to receive a big tax credit for expenditures to make your business…

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