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…
Implementing Best Practices: 10 Things your R&D Tax Specialist Should Be Performing with your Research and Development Tax Credit Studies Now that the Research and Tax Credit is permanent, it is important to ensure that your company is utilizing the R&D Tax Credit to the best of its abilities. A…
Navigating the New Payroll Tax Offset and Small Business Tax Credit for the Research and Development Tax Credit In December of 2015, the PATH Act was passed which allowed for a broader application of the R&D Tax Credit. More specifically, this change in the credit promises more benefits for small…
What Does the Future Hold for the Research and Development Tax Credit? The rules and regulations surrounding the Research and Development Tax Credit have been rapidly changing and will continue to do so in the future. If you are looking to implement the credit into your planning this year it…