R&D Tax Credit: Final Regulations Provide Favorable Guidance in the Area of Internal Use Software: Part1
Significant Opportunities Now Exist for Businesses Developing Customer-Facing Software After spending over a decade on the IRS/Treasury Department’s Priority Guidance Plan, last week final regulations relating to Internal Use Software (IUS) development were finally released. For many businesses developing customer-facing software, the long awaited taxpayer favorable outcome stemming from the new regulations may just have been worth the wait… FINAL […]
R&D Article: Innovative Virginia Businesses Have New Reason to Love the State
For over three decades, innovative U.S. businesses have looked toward the federal R&D tax credit as a way to lower tax obligations. In addition to this federal incentive, many states also offer research credits as a way to incentivize businesses conducting research and development within the state. However, there is a great deal of variation between these state credits and […]