Taxpayers Rejoice! Proposed R&D Credit Legislation Presents new Opportunity for Small to Mid-Size Businesses

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 […]