research credit

R&D Tax Credit for Manufacturers

Many manufacturing companies fail to take advantage of the generous research and development (R&D) tax credit simply because they don’t have staff working in a lab. The Internal Revenue Service’s (IRS) definition of R&D is codified at Internal Revenue Code Section 41 and its related regulations — and it may

Sonya Foster2021-04-12T14:55:07-06:00October 1st, 2019|

Research Credit Can Offset Business’s Payroll Taxes

Research Credit Can Offset Business’s Payroll Taxes

Does your small business engage in qualified research activities? If so, you may be eligible for a research tax credit that you can use to offset your federal payroll tax bill. This relatively new privilege allows the research credit to benefit small businesses that may not generate enough taxable income

Sonya Foster2021-04-12T14:57:10-06:00December 18th, 2017|