by Bruce Warner | Nov 1, 2017 | Blog
Clients who already filed their 2016 tax returns can now take advantage of a ONE TIME opportunity from IRS – file an amended 2016 tax return before 12/31/17 and you can still claim the R&D credit towards your payroll tax liability for the next quarter. To...
by Bruce Warner | Oct 2, 2017 | Blog
On September 11, 2017, the commissioner of the Large Business & International (LB&I) Division of the IRS issued new guidance for taxpayers using ASC 730 to expense research and development costs on their financial statements. This directive...
by Bruce Warner | Aug 6, 2017 | Blog
In December 2015, Congress passed the PATH Act of 2015, which enabled small, start-up businesses to use the R&D Tax Credit to offset the employer portion of payroll taxes, up to $250,000. To qualify as a small, start-up, the Taxpayer must have less than $5,000,000...
by Bruce Warner | Oct 8, 2016 | Blog
Final R&D tax credit regulations published by the Treasury on October 4, 2016 regarding internal use software introduce a new term, dual function software, as well as a safe harbor provision. Dual function software is “software developed for both internal use and...
by Bruce Warner | Apr 2, 2016 | Blog
Nebraska Advantage Research and Development Credit The Nebraska Research and Development Credit provides a refundable tax credit for qualified R&D. One of the few states that still offers a refundable R&D credit. The state tax credit is worth 15% of the...
