Category Archives: Federal Tax

Claim R&D Tax Credit

Federal R&D Tax Credit – There’s Still Time to File!

With the U.S. Federal tax deadline extensions, there’s no excuse for qualified businesses not to claim their R&D Tax Credit. The mass disruptions and unpredictability of COVID-19 have thrown us all for a loop. Consequently, businesses of all sizes desperately seek tax relief and revenue saving opportunities. Unfortunately, the final tax deadlines are upon us,

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Cost Segregation, Coronavirius

Managing Cash Flow With Cost Segregation During Coronavirius Crisis

At PM Business Advisors, we are committed to doing our part to help prevent the spread of Coronavirus (COVID-19) within our communities, and we are continuously monitoring this evolving situation. We anticipate little disruption to our business in rendering our seamless client delivery solutions to our clients. Our team is equipped with the latest technology

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Tax Cuts & Jobs Act

TCJA’s Drafting Errors removes 15 Year class life and bonus depreciation from Qualified Leasehold Improvements

Pundits and politicians have been arguing endlessly on the “winners and losers” of the newly enacted tax law. PM Business Advisors has been and continues to carefully study the language of the new tax code in order to advise clients on how to best position their businesses in regards to the changes and existing ambiguities

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Connecticut, CT, NEIGHBORHOOD ASSISTANCE ACT

SALT Advisory Insights: A Spotlight on the Connecticut R&D Tax Credit Program

Part of a Series on State and Local R&D Tax Credits Connecticut offers a research and development tax credit for related expenditures made in the state. Qualifications for the credit closely mimic those of the federal R&D tax credit. The credit may be applied against the state’s corporate business tax. Connecticut differentiates between a non-incremental

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Tax Strategy – New Jersey Tax Incentives

New Jersey Tax Incentives: Launch and Grow Your Tech Start-up Strategically

Take Advantage of R&D Tax Credits, NOL Sales, Other Growth-oriented Programs When planning to launch a tech start-up on the east coast, many entrepreneurs automatically think Boston’s 128 corridor or New York City’s Silicon Alley. We propose that from a business and taxation perspective, there’s another strategic place to consider for starting and growing a

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Pennsylvania R&D Tax Credit,R&D Tax Credits, Pennsylvania

SALT Advisory Insights: A Spotlight on the Pennsylvania R&D Tax Credit Program

Part of a Series on State and Local R&D Tax Credits Since 1997, corporate entities are allowed a credit against the corporation business tax for qualified expenditures with respect to research conducted in Pennsylvania for each taxable year. Qualified Research Expenditures (“QRE”) are related to activities such as scientific experimentation or engineering that meet a

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accounting and tax services

A Guide for CPAs: How – and Why – to Introduce Clients to Specialty Accounting and Tax Services

We’re pleased to introduce a new ebook we’ve created specifically for the CPA community. It’s titled, A Guide for CPAs: How – and Why — to Introduce Clients to Specialty Accounting and Tax Services. You can download it for free. Here’s some background on why we believe it’s important. PM Business Advisors is a division

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