Four Things You Need to Know About the IRS Directive for LB&I Taxpayers
On September 11, 2017, the Internal Revenue Service (IRS) issued a new directive for Large Business & International (LB&I) taxpayers. The purpose of the directive is to make determining [...]
PATH Act of 2015: The Payroll Tax Offset
The PATH Act of 2015 What is the Payroll Tax Offset? With the passing of the PATH ACT of 2015, the Research & Development Tax Credit has finally become a permanent fixture of the U.S. tax [...]
How the New AMT Tax Offset Impacts Small Businesses
Undeniably, the permanency of the Research and Development (R&D) Tax Credit is a game changer for start-ups and small businesses. The newly revamped R&D Tax Credit program, as enacted [...]
An Example of How the New Payroll Tax Offset Works
The ‘elixir of economic growth’, whilst sounding like a surreptitious tincture crafted by an alchemist, is actually frequently assumed by economists to be relating to research and development [...]
Clarifying the New Payroll Tax Offset
A highlight of 2015 for research and development (R&D) was the passing of The Protecting Americans from Tax Hikes (“PATH”) Act of 2015, which saw the R&D Tax Incentive become [...]
How to Prepare for an R&D Tax Credit Audit
New rules and regulations have made it easier for all types of businesses to profit from the R&D Tax Credit, but there is always a possibility that the credit will provoke an IRS audit. Even [...]
