The Research and Development Tax Credit Turns 40!

4 Major Milestones throughout the Decades Today marks a momentous day for the R&D tax Credit. It has been exactly 40 years since the honorable President Ronald Reagan signed the Economic Recovery Tax Act of 1981 (ERTA) into law.  This was a move to encourage economic growth by providing tax cuts to stimulate the economy through capital investment, job creation, [...]

By |2021-10-19T09:30:09-04:00August 13, 2021|Blog, News & Events|

Is the R&D Credit Even Relevant During the COVID-19 Crisis?

Many things have changed since my March 9th appearance on the PICPA CPA Conversations Podcast, but a few things remain the same….. A few weeks ago, I was interviewed by James DeLuccia, Manager, Learning Content at the Pennsylvania Institute of Certified Public Accounts (PICPA) for a segment of the CPA Conversations Podcast. During this 15-minute interview, I shared with him […]

By |2021-09-14T13:21:28-04:00April 3, 2020|Blog, CPAs, News & Events|

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 […]

By |2017-12-19T15:02:30-05:00December 19, 2017|Blog, News & Events|

What Impact will Tax Reform have on the R&D Credit?

The pros and cons of the proposed bills Like all tax professionals, we at Tax Credits Group are watching Washington D.C. very carefully as Congress considers their tax reform plan; specifically, we are all waiting eagerly to see what, if any impact the final legislation would have on the R&D tax credit. So, while we can’t speed up time, or […]

By |2017-12-13T13:04:34-05:00December 13, 2017|Blog, News & Events|