R&D Tax Credit

July 10, 2017

A Home Run For U.S. Small Businesses!

A Home Run for U.S. Small Businesses! Congress recently enacted the “Protecting Americans from Tax Hikes (PATH) Act of 2015″ (P.L. 114-113, 12/18/2015). Three significant taxpayer-friendly changes made in the tax law are Credit Permanency, Alternative Minimum Tax (AMT) and Payroll Taxes that small businesses should not overlook. If your client is a taxpayer, you…

July 1, 2016

Update: The New and Improved R&D Tax Credit Explained

First enacted in 1981 the R&D tax credit was meant to be a temporary boost to a slowing U.S. economy. Since being enacted, the credit has remained temporary and has even expired 16 times, each time being reinstated. From 1995 to 1996 the R&D tax credit lapsed before being temporarily reinstated in 1997. As of January 1,…