Uncategorized Archives - Alternate Tax Solutions

R&D Credits for SBIR Work

July 1, 2021
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R&D Credits for SBIR Work

 

The United States Government provides multiple incentives to encourage small businesses to invest in innovation and technology. The Small Business Innovation Research (SBIR) program provides grants to companies seeking to help government agencies push the boundaries of technological […]

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Bi-Partisan Bill Seeks to Bolster U.S R&D Activity

April 22, 2021
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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 […]

R&D Tax Credits for Software Development Contractors

March 3, 2021
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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

November 30, 2020
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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

September 24, 2020
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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

July 30, 2020
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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 […]