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understanding R&D tax credit

Does Your Company Qualify? Understanding R&D Tax Credit Requirements

Drilling Into the IRS’ Four-Part Test. If your company is in an industry that qualifies for R&D tax credits, it makes sense to explore whether any of your operations and related expenses meet the R&D tax credit requirements. Many business owners only think science labs, beakers and test tubes when it comes to R&D. Actually,

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IRS, Internal Revenue Service, R&D Tax

The IRS Issues New Administrative Authority Governing the Tax Treatment of Depreciation and Expensing Rules

On December 21st of 2018, the Internal Revenue Service (hereinafter the “Service”) issued new administrative guidance in the form of Rev. Proc. 2019-08 governing expense deductions and depreciation measures in connection to real property as enacted by the 2017 Tax Cuts and Jobs Act, Pub. L. No. 115-97, (hereinafter the “TCJA”’). It should be duly

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New Jersey

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

Part of a Series on State and Local R&D Tax Credits. Many states offer tax credits from research and development spend that complement the Federal R&D Tax Credit program. However, each of these programs has unique aspects. This article is part of a tax technical series that will explore the more popular programs and outline

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R&X tax credits for contract manufacturing

Contract Manufacturers: Take Advantage of R&D Tax Credits for Manufacturing

Learn What Activities May Qualify for Significant Tax Savings. Calculating the Research and Experimentation Tax Credit (RTC) under IRC §41 allows taxpayers engaged in qualified Research and Development (R&D) activities to claim a credit against their income taxes. Eligible costs include employee wages, costs of supplies that are used and consumed or destroyed in R&D

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California, Economic Nexus

California Adopts Economic Nexus, But Threshold Uncertain

On Tuesday the California Department of Tax and Fee Administration announced that beginning April 1, 2019, California will require out-of-state retailers to collect and remit use tax if they have $100,000 in sales or 200 transactions. The $100,000 threshold is far from the $500,000 threshold discussed back in August 2018 through draft legislation. In addition,

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selecting R&D Tax Credit Specialists

Selecting R&D Tax Credit Specialists: 7 Key Questions

R&D tax credits are among the most potentially lucrative tax incentives available today for companies developing new products and enhancing manufacturing processes. For qualifying start-ups and more established privately held companies, they can free up precious capital for scaling growth. For larger enterprises, R&D tax incentives can contribute mightily to multi-year tax planning and savings.

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Opportunity Zone

Treasury Releases Proposed Regulations for Opportunity Zones

On October 19th, 2018 the Department of Treasury has issued proposed regulations for Opportunity Zone Investors and has sent these rules over to the IRS. The proposed regulations provide guidance under new section 1400Z-2 of the Internal Revenue Code relating to gains that may be deferred by investors for investments in a qualified opportunity fund

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