There are two types of tax incentives: deductions and credits. As tax advisers, we always prefer credits. In most cases, they offset income tax liability dollar for dollar, whereas deductions only ...

Your business doesn't have to be involved in the latest technological breakthrough to take advantage of the research and development, or R&D, tax credit. If you're working on ways to improve your ...

In July, the IRS wrapped up its annual Dirty Dozen scams list, designed to warn taxpayers against abusive tax promotions. One practice mentioned is the improper claiming of business credits, ...

Contract manufacturers are among the greatest candidates for what can be significant federal and state tax savings from the R&D Tax Credit. For contract manufacturers, especially those working with ...

Over 14,000 businesses in the U.S. claim the federal research and development tax credit every year, so businesses relying on this funding need to be aware that the claiming process has recently ...

The Protecting Americans From Tax Hikes Act of 2015 (PATH Act), P.L. 114-113, contained several provisions favorable to taxpayers that incur qualified research and development (R&D) expenditures.

Big Problem: Inefficient tax credit realization. Big Thinking: Identified a $900,000 tax credit, nearly twice as much as prior years. Joining Schneider Downs in 2004, Doug Morally has more than 14 ...