Game-Changing Tax Savings for Manufacturers
Globally, manufacturing now accounts for approximately 16 percent of GDP and 14 percent of employment. Manufacturing remains a critical force in both advanced and developing economies. But the [...]
Important Considerations for Mid-Year Tax Planning
As the month of June advances, we are rapidly approaching October and the start of a new fiscal year. Although it may seem premature, now is a good time for businesses and individuals to take [...]
3 Key Misconceptions About the R&D Tax Credit
Unfortunately, only one out of twenty small and medium sized companies who are eligible for the United States R&D tax credit take advantage of it. However, smaller companies should not be [...]
Circumstances Under Which Taxpayers Benefit from the R&D Tax Credit
The Research & Experimentation Tax Credit or R&D Tax Credit is a general business tax credit under Internal Revenue Code section 41 for companies that incur research and development [...]
Is Strategy and Innovation Intertwined?
The innovation strategy defines the role of innovation and sets the direction for innovation execution. However, the role of innovation in helping organizations achieve growth targets is often [...]
R&D Tax Credit for Internal-Use Software (IUS)
In the era of the digital age, there are few areas of our lives which are not impacted by the use of technology. The business world, in particular, is moving faster and becoming more global, more [...]
How to Determine if a Taxpayer is Paying AMT
The alternative minimum tax, commonly referred to as the AMT, was designed in 1969 to ensure that wealthy taxpayers didn’t use loopholes to escape paying their fair share of taxes. The AMT [...]
Creativity vs Innovation in R&D
Is the results of research and development (R&D) derived from creativity or ground-breaking innovation – or a combination of both? “Creativity” and “innovation” [...]
Where Does The U.S. Rank in Economic Competitiveness?
Citing a dwindling economic growth to high unemployment rates and stagnant wages, pessimists argue that the United States finest days are in the past. However, are they correct in this [...]
Big vs Small Companies: Who Spends More on R&D in United States
The United States, as a whole, spends the most on R&D in absolute terms and also more than most industrialized countries on R&D relative to GDP. At 2.8 percent of GDP, U.S. national [...]
