Research & Development Tax Credits

Navigating tax credits and incentives has become a pivotal strategy for the clean tech industry aiming to maximize their environmental and financial benefit. Governments worldwide recognize the importance of clean tech and have implemented tax credits and incentives to promote its development and adoption. This article explores key tax credits and incentives available to the clean tech industry and provides strategies for maximizing these green benefits. Read More

Uncover the world of Federal Credits & Incentives (C&I) and how they drive innovation and sustainability! In this recording, you'll gain insight into the mechanics and advantages of claiming C&I. Read More

Software companies often miss out on R&D tax credits, a valuable financial opportunity. This guide explains how to strategically leverage them for growth. Read More

The 2023-2024 Georgia legislative session ended with notable bills that included tax rate changes, state credit program modifications and the potential for a new Georgia Tax Court that has been signed by the Governor. Read More

The House successfully passed the $78 billion tax bill H.R. 7024. Notably, the bill reinstates the current year expensing of domestic research and experimentation costs. For companies investing in research and development, this tax break holds significant importance. Read More

Research and Development (R&D) tax relief is a valuable incentive provided by the UK government to encourage innovation and technological advancement; however, understanding the rules and regulations surrounding subsidised expenditure can be challenging. In this article, we will delve into... Read More

Effective from August 8, new requirements for filing and claiming Research and Development (R&D) tax relief in the UK will demand meticulous record-keeping to avoid lengthy and onerous information gathering exercises come the company’s year end. Read More

While the UK's proposed additional tax relief for R&D intensive SMEs holds promise for driving innovation and economic growth, the delay in passing this legislation into law introduces a dose of uncertainty. Read More

In a recent analysis of the SME Research and Development Tax Relief program (MREP), some eye-opening trends have emerged, shedding further light on the considerable level of non-compliance within the UK R&D tax relief system. Read More

Section 174 and the changes that occurred for tax years after December 31, 2021 have caused taxpayers and tax practitioners headaches. In the past, section 174 expenses were deductible, but they now require amortization over 5 or 15 years. Read More