Several legislative and legal events affecting the research and development tax credit occurred during 2014 and early 2015. These changes are particularly noteworthy for manufacturers that have R&D expenses or that already claim the R&D tax credit. New...
Many companies have difficulty understanding the value of the R&D tax credit to the organization. To help put it in perspective, we recently conducted an equivalency assessment for a custom manufacturer. The chart below compares the additional revenue that would...
A recent court case provides guidance on owner compensation and when it qualifies as a research expense under §174. This qualification under §174 then dovetails with the §41 research and development (R&D) tax credit calculation and can have a huge impact. Many...
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