One of the popular taxpayer relief provisions passed to help businesses affected by the COVID shutdowns is the employee retention credit (ERC). The ERC allows companies to claim a refundable payroll tax credit for wages or qualified health plan expenses paid by […]
Over the past year, Congress has passed a bevy of programs aimed at providing relief to businesses affected by COVID-19. Two of these programs have received significant attention from the tax and […]
When Congress passed the CARES Act, it sought to help struggling businesses keep their doors open. One of the main vehicles for this was the Paycheck Protection Program (PPP). One […]
The R&D Tax Credit is without questions one of the biggest and most rewarding tax savers that exists today. Over the past decade, the R&D Credit has been strengthened through legislation and tax court rulings. As a result, businesses of all sizes have begun […]
The Tax Cuts and Jobs Act of 2017 made the R&D Tax Credit one of the biggest tax incentives for businesses. Among other things, the act affirmed that research and innovation are a crucial component of the U.S. economy. The R&D Credit seeks to reward […]
In 2017, Congress passed legislation called the Tax Cuts and Jobs Act (TCJA) that created several modifications to existing tax law. Taxpayers who intend to claim the research and development tax credit under Section 41 of TCJA are likely to find these changes beneficial. Even so, it’s […]
