Bi-Partisan Bill Seeks to Bolster U.S R&D Activity
The American Innovations and Jobs Act is a bipartisan Senate bill aimed at bolstering domestic U.S R&D activities. The bill would allow U.S companies to continue deducting R […]
Uncategorized Archives - Alternate Tax Solutions
R&D Tax Credits for Software Development Contractors
Software Development Contractor R&D Tax Credit Case Study
Company Overview
SoftwareX is a software development firm located in Northern Virginia. The Company’s primary source of revenue is from software development that it performs under contract for various clients. The […]
Tips for Accessing Your IRS Refunds
Tips for Accessing Your IRS Refunds
At ATS, we work on a daily basis with companies seeking to amend returns. Using strategies like the R&D Tax Credit and Cost Segregation allows taxpayers to go back and amend returns and generate refunds for taxes paid […]
Strategies to Offset PPP Tax Implications
Strategies to Offset PPP Tax Implications
The CARES Act passed by Congress provided immediate financial relief for businesses hit hard by the direct effect of the COVID-19 economic shutdown. However, while the paycheck protection program (PPP) and Emergency Injury Disaster Loan (EIDL) funds may have […]
Tax Court Ruling Strengthens R&D Credit for Architects
A recent Tax Court case has given architecture firms more ammunition in substantiating R&D Tax Credit claims. In Populous Holdings, Inc. (“Populous”) v. Commissioner of Internal Revenue, the Court ruled in support of the taxpayer’s R&D Credit Claim for building design projects. In […]
R&D Tax Credits and the Architectural and Engineering Industry
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 […]