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    Research & Development Tax Credits

    The New Rules Under Section 174

    January 19, 2023

    Internal Revenue Code Section 174 has long been used by taxpayers to deduct certain expenses related to research and experimentation (R&E) in the current year.  The code section was originally enacted in 1954 to eliminate uncertainty in the tax accounting... Read More

    UK R&D Tax Reliefs – Where Are We Now?

    December 2, 2022

    In the November 2022 Autumn Statement, the Chancellor announced significant changes to the current Research and Development (R&D) tax reliefs. The key announcements were a change to the applicable rate of the Research and Development Expenditure Credit (RDEC) and a... Read More

    Inflation Reduction Act Highlights

    September 6, 2022

    The Inflation Reduction Act of 2022 (H.R. 5376, the “IR Act”) contains numerous incentives and support for energy transition efforts in the United States. This includes expanding on the predominately-public funding mechanisms for infrastructure projects set forth in the Bipartisan... Read More

    Senate Passes Inflation Reduction Act

    August 24, 2022

    A major tax, climate change and healthcare bill passed the Senate in a rare Sunday session on August 7 on a strict party line. The Inflation Reduction Act of 2022 won approval on a 51-50 vote, with all Democrats voting... Read More

    R&D Credit Increase Tax Liability for Many Companies

    June 30, 2022

    Companies that were anticipating large deductions for research expenses are headed for a larger-than-expected tax bill in 2022. Changes passed to the tax law in 2017 take effect in tax year 2022, and expenses previously deducted in the current tax... Read More

    Monetizing Your 2020 Process Changes Through Tax Credits

    July 29, 2020

    In these challenging times, the importance of cash flow has never been greater. Companies that have changed gears to address the COVID-19 impact may qualify for tax credits based on the changes they have made. If you have made changes... Read More

    New Audit Guidelines: Will Your R&D Tax Credit Documentation Invite an Audit?

    April 24, 2020

    The Large Business & International (“LB&I”) division at the IRS examines and enforces compliance on the largest and most complex companies and tax issues. The Research & Development Tax Credit is one such tax issue, which the IRS has found... Read More

    Untangling the Technical | UK R&D Tax Credits – Untapped Potential

    April 22, 2020

    Did you know you may have cash hidden in unclaimed R&D tax credits? Mike Whitacre interviews Thomas Wells, leader in our UK R&D Tax Credit practice. Thomas Wells explains the benefits of R&D tax credits and which companies may qualify.... Read More

    Alternative Fuel Tax Credit: Do You Qualify?

    January 27, 2020

    An update to the alternative fuel tax credit was among the many changes to tax passed in the December 2019 government funding bill. With this update a taxpayer that uses or sells alternative fuel for use in motor vehicles, motorboats,... Read More

    R&D Tax Credit: Don’t Leave Money On The Table

    December 9, 2019

    By Tommy Zavieh, CPA, MST, MBA The research and development (R&D) tax credit is underutilized, with many taxpayers failing to claim the credit when they are eligible to do so, or making errors at critical junctures in the process. Underutilization... Read More

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