Would Thomas Edison’s Efforts Have Qualified for Today’s R&D Tax Credit?
"There's a way to do it better — find it." — Thomas A. Edison Sunday, February 11th marks the 171st birthday of Thomas Alva Edison. And, since I consider myself to be a bit of an Edison aficionado - often getting swept away in the many interesting books and documentaries chronicling his life - I thought this would be an [...]
R&D Credit Deadline Alert: Startups Have Until 12/31/2017 to Elect Payroll Tax Offset Provision for 2016 Returns
It is not too late to take advantage of the payroll tax offset provision of the IRC Section 41 research credit. Pursuant to IRS Notice 2017-23, eligible startup businesses that failed to take advantage of the new payroll tax offset provision still have until December 31, 2017 to amend their 2016 tax returns to make the election. Please note, the […]