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 | Dec 7, 2016 | Blog
The new Path Act which was passed in Congress December 2015 kicks in effective for tax year 2016. One significant new provision is that start up companies can use up to $250,000 in R&D credits against their 2017 quarterly payoll tax liabilities. Do you Qualify?...
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...
