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(R&D) Research and Development

The One, Big, Beautiful Bill could change the deductibility of R&E expenses

(R&D) Research and Development, Business Deductions, Business Expenses, Cash Flow, Research Tax Credit, Small Business, Small Business Owners /

The treatment of research and experimental (R&E) expenses is a high-stakes topic for U.S. businesses, especially small to midsize companies focused on innovation. As the tax code currently stands, the deductibility of these expenses is limited, leading to financial strain for companies that used to be able to expense them immediately. But proposed legislation dubbed […]

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5 tax breaks on the table: What business owners should know about the latest proposals

(R&D) Research and Development, Business Income Tax, Corporate Federal Income Tax Rate, Federal Taxes, Independent Contractors, Past-Through Entities, Qualified Business Income Deducton (QBI), Section 179, Small Business Owners, Small Business Tax Tips, Small Business Tips /

A bill in Congress — dubbed The One, Big, Beautiful Bill — could significantly reshape several federal business tax breaks. While the proposed legislation is still under debate, it’s already sparking attention across business communities. Here’s a look at the current rules and proposed changes for five key tax provisions and what they could mean

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Strategic planning for businesses needs to include innovation

(R&D) Research and Development, Innovation, Small Business, Small Business Owners, Strategic Business Planning /

When the leadership teams of many companies engage in strategic planning, they may be inclined to play it safe. And that’s understandable; sticking to strengths and slow, measured growth are often safe pathways to success. But substantial growth — and, in some industries, just staying competitive — calls for innovation. That’s why, as your business

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Better tax break when applying the research credit against payroll taxes

(R&D) Research and Development, AMT (Alternative Miminum Tax), Inflation Reduction Act, Small Business, Small Business Owners, Small Business Tax Tips, Tax Credits /

The credit for increasing research activities, often referred to as the research and development (R&D) credit, is a valuable tax break available to certain eligible small businesses. Claiming the credit involves complex calculations, which we’ll take care of for you. But in addition to the credit itself, be aware that there are two additional features

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The election to apply the research tax credit against payroll taxes

(R&D) Research and Development, Alternate Minimum Tax (AMT), Income Tax, Small Business, Tax, Tax Credits, Tax Deduction /

The credit for increasing research activities, often referred to as the research and development (R&D) credit, is a valuable tax break available to eligible businesses. Claiming the credit involves complex calculations, which we can take care of for you. But in addition to the credit itself, be aware that the credit also has two features

The election to apply the research tax credit against payroll taxes Read More »