The Texas Film Credit (TMIIIP) offers a base rebate of 5% to 25% on qualified in-state spending. But TMIIIP bonus uplifts are what get you to 31%. Here’s how to stack them. Bonus 1: Texas Post-Production Requirement: At least 25% of your post-production spend happens in Texas. What counts: Editing, sound design, VFX, color…
When most people hear “R&D tax credit” they think of software engineers and tech startups, but that’s not the full picture. The R&D tax credit is available to any company that develops new or improved products, processes, or formulas. That includes industries you might not expect. Here are 5 industries…
The Texas Moving Image Industry Incentive Program (TMIIIP) offers cash rebates from 5% to 25% on qualified in-state spending—plus bonus uplifts that push your total savings to 31%. Texas just committed $1.5 billion over the next ten years to bring your story to the screen. Here’s exactly how it works, who qualifies,…
Big News for Innovative Businesses If your business has been waiting on R&D tax credit retroactive claims due to recent amortization rules, we have excellent news: The Research and Development (R&D) Tax Credit is back, and stronger than ever. In what may be the most significant tax opportunity for innovative…
Many of the activities related to the agriculture and farming industry qualify for the Research and Development Tax Credit. Yet, business owners are unaware of this strategic financial planning tool given that, historically, the credit has been claimed mostly by manufacturing, pharmaceutical, and software companies. Agricultural and farming companies continuously…
Grappling with the Most Difficult Research and Development Tax Credit Issues (Part 2) In our last post, we discussed some of the issues regarding the Research and Development Tax Credit that Indago became aware of while at the 2017 Tax Credit Symposium. Some other research credit issues that were discussed…
Grappling with the Most Difficult Research and Development Tax Credit Issues (Part 1) Attending the 2017 Research and Development Tax Credit Symposium in Washington D.C. gave some of Indago’s Tax Credit Practitioners the chance to discuss unique issues with other experts in the field. Some of the new or unsettled…
Using Documentation Methodologies to Optimize your Research and Development Tax Credit A large part of Indago’s job is assessing each client’s unique situation and determining the appropriate methodology to document their development process at the outset of a project. There are a few ways in which the process of identifying the…
Analyzing and Interpreting the Regulations on Internal Use Software within the Research and Development Tax Credit While many companies develop software for other companies, may companies also develop software for internal purpose. Similarly, companies may develop software that is partially used for internal purposes but also may have an external…
The Protecting Americans from Tax Hikes Act of 2015 (PATH Act) made significant changes to the R&D tax credit, one of which that can meaningfully benefit startup and pre-revenue companies. Qualifying small businesses can now use a portion of the R&D tax credits they generate against the 6.2% payroll tax (Employer FICA Social Security…