This week, Tax Credits Group (TCG) President Michael Krajcer and Managing Director Bethany Jones-Worner spoke to members of the Manufacturing Advocacy & Growth Network (MAGNET) about new opportunities for startup companies to claim the Federal Research & Development Tax Credit. The early morning Q&A session, which took place at MAGNET’s E. 25th street location, addressed new payroll tax offset provisions […]
Discusses how the New Research Credit Provisions will Benefit Tech Startups Last week, TCG President Michael Krajcer spoke with Crain’s Cleveland Business technology reporter Chuck Soder. The discussion centered on the new Research & Development Tax Credit payroll offset provisions and how they will benefit tech startups. Below is an excerpt from the January 17 article: “If you run a […]
A permanent R&D Tax Credit offsetting AMT and Payroll Taxes is in the works Cleveland – Dec. 17, 2015 — As introduced this Wednesday, the Consolidated Appropriations Act of 2016 contains a provision for a permanent research and development tax credit. In addition, new rules would allow taxpayers with gross receipts less than $50 million dollars to utilize the credit […]
Test your knowledge with this 10 Question T or F Quiz The R&D Tax credit is one of the most complex areas of the tax code. In fact, the IRS labeled it the most commonly reported “uncertain tax position” in 2010, 2011, 2012 and 2013. Because of these complexities, taxpayers (and even experienced CPAs) are often unsure about the qualifications necessary […]
