Major Tax Savings could be underway through the R&D Tax Credit It’s Valentine’s Day - a day of love and romance celebrated by many happy couples, and an unfortunate day of trepidation for the lonely singles. Luckily, in recent years, whole industries have cropped up with hope of helping those in search of love find their perfect match. Of course, [...]
New IRA Act Bolsters R&D Tax Credit; May Drive Taxpayers to Accelerate R&D and Job Creation Beginning on January 1, 2023, innovative startups will find themselves with an opportunity to save significantly more money on their federal payroll taxes. The favorable tax change stems from the Inflation Reduction Act (IRA) which was signed into law in August 2022. The Act [...]
CPAs in OH, IN, KY, MI, PA, and SC to receive 4 Hours Free CPE October 24, 2022 – Northeast Ohio’s Tax Credits Group (TCG), Duffy+Duffy and KIKO Realtors, Auctioneers & Advisors have announced the dates for their annual Fall income tax reduction seminar series, where attendees will learn powerful tax planning tools and strategies to maximize credits and deductions [...]
The Research Tax Credit Can Further Help Manufacturers Attract and Retain Employees October 7, 2022 - Today, manufacturers located across the U.S. will celebrate “National Manufacturing Day.” Recognized on the first Friday of October, “National Manufacturing Day” has grown to become a month-long celebration of manufacturing seminars and events put on by various U.S. manufacturing associations and manufacturing companies. The [...]
IRA Act of 2022 Doubles Payroll Tax Offset Provision to $500K On August 16, 2022, President Biden signed into law the Inflation Reduction Act of 2022 (IRA). Contained within the law is an enhanced provision to the Federal Research and Development (R&D) Tax Credit that benefits startup companies. Under the new IRA Act, beginning after December 31, 2022, startups now [...]
Cleveland-based Tax Credits Group (TCG) is pleased to announce its membership to BioOhio. Since the date of this original announcement, BioOhio has rebranded as Ohio Life Sciences Association (OLS). TCG helps qualifying taxpayers take advantage of the Federal Research & Development Tax Credit, applicable state R&D Tax Credits, and the Federal Employee Retention Tax Credit (ERC). Through the company’s R&D [...]
R&D Session to Take Place Friday Nov. 15th at 12:25 P.M On November 15, 2019, Research & Development Tax Credit experts Tax Credits Group, (TCG) President Michael Krajcer and Managing Director Bethany Jones-Worner will speak on the topic of the R&D Tax Credit at the Pennsylvania Institute of Certified Public Accounts (PICPA) Southwestern Chapter 25th Annual Tax Conference. This conference […]
