What activities in your business can qualify you to claim the research and development tax credit? When it comes to running a business, every dollar saved counts. Have you ever wondered if your company could be missing out on valuable tax savings in the form of tax credits? The good news is, many businesses qualify for significant tax credits through research and development activities. In this post, we’ll focus on the first of our two-lens approach: Qualifying Research Activ

The IRS has now answered questions about how 2024 tax returns should treat R&E expenditures and what happens to unamortized balances from 2022 and 2023 in Rev. Proc. 2025-28, issued in late August. This new guidance lays out the rules for elections, superseding returns, and recovering unamortized balances. With the September 15 and October 15th deadlines looming, businesses and their CPAs must evaluate their options.

Long-awaited IRS FAQs have been posted on how taxpayers who claimed the Employee Retention Credit should adjust their wage deductions.

As the ERC filing deadline approaches, we would be remiss not to inform churches of the valuable opportunity to take advantage of this tax i

Interest-Charge Domestic International Sales Corporation (IC-DISC), a tried and true tax incentive.

In an ongoing initiative to safeguard small businesses and entities from fraudulent activities, the Internal Revenue Service (IRS) has...

Contrary to many headlines - the IRS has not eliminated the Employee Retention Credit.

Supply chain disruption has caused significant impacts across the United States (and the world) over the past three years. These...

In a recent memorandum issued by the Office of Chief Counsel of the Internal Revenue Service, comprehensive information has been provided.

The High-Road Cannabis Tax Credit (HRCTC) is a nonrefundable California tax credit that can be captured by eligible cannabis businesses.

A Conversation With Joshua Massoud, J.D., Managing Partner As audits gain momentum on Employee Retention Tax Credit (ERTC) claims, my...

As the business landscape continues to evolve in response to the COVID-19 pandemic, CPAs play a crucial role in guiding their clients.

When deciding who will manage your tax credits and incentives, it is imperative to choose the right provider.

There are several myths and misunderstandings surrounding the ERC that may cause confusion among businesses.

The Employee Retention Credit (ERC) has helped many restaurant owners offset the impact COVID-19 caused on their businesses.

Companies offering ERC services have been increasingly imposing a HEAVY burden of work and responsibility on their clients.

The Internal Revenue Service is not renowned for relaying information in easy-to-understand terms. Trying to understand tax documents can...

There’s some funny business going on with the Employee Retention Credit services offered by many of the “refund specialists” that keep...

The Employee Retention Credit (ERC) has been referred to as "one of the most lucrative tax credits," but the scams and misinformation...

Success Story: A Civil Engineering Firm's $97,000 Research and Development Study