Category: Uncategorized

Consider R&D Tax Credits When Selling or Buying a Business If you are considering selling or buying a business, make sure you consider the R&D tax credit and how it comes into play with the transaction.  We often find that clients tell us of an acquisition or disposition after the fact.  Reach out to us on the […]

The Enhanced Employee Retention Credit Improves Cash Flow for Companies That Paid Their Employees During the Pandemic

These are challenging times for everyone, including the thousands of businesses affected by COVID-19.  We do have good news in the way of the recent expansion of the Employee Retention Credit (“ERC”), which provides significant aid in the form of a federal payroll tax credit. Retroactive Employee Retention Credit Changes The Consolidated Appropriations Act of 2021 […]

Federal and State R&D Tax Credit for Plastic Injection Molders

Plastic processors produce specialized parts utilized in virtually every industry, and this requires molding industry companies to constantly improve their technology and processes. Plastic injection molding companies spend significant resources, not only in materials and components, but also in the development of its unique manufacturing processes that are specific to the customer’s part. Processors consider, […]

Tool & Die Companies Can Improve Cash Flow with R&D Tax Credits

The research tax credit is a business credit that has been around since 1981. This incentive provides dollar-for-dollar credits and refunds (with interest) for companies performing activities related to the development of new or improved products and processes, formulas, inventions, techniques and prototypes. In these unique and uncertain times, these credits can provide much needed cash […]

Fermenting up Tax Savings with Federal and State R&D Tax Credits

Wineries experiment with flavors and processes in ways that may qualify for a significant federal tax credit.  Wine making done right involves both art and science.  Yet, most wine makers overlook a tax-saving opportunity that is more commonly associated with manufacturing and tech companies. The Federal Research & Development (R&D) tax credit provides a federal […]

Orthotics and Prosthetics

Monetizing Prosthetics with R&D Tax Credits

The R&D tax credit is a specialized and underutilized part of the tax code that a significant number of orthotics and prosthetics facilities qualify for, but are not taking advantage of. Having an understanding of how broad the definition of R&D for tax credit purposes is will greatly benefit their facilities. R&D Tax Credit for […]