/Ariane Woods

About Ariane Woods

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So far Ariane Woods has created 6 blog entries.
13 11, 2019

The Power of a Tax Credit

By |2019-11-13T21:41:56+00:00November 13th, 2019|

Companies are always looking to maximize the net proceeds from the business. Once the total income has been determined, there are two main ways companies can reduce their tax burden: deductions and credits. A deduction is an “above the [...]

24 10, 2019

New House Bill Would Undo Unfavorable 2017 Change to R&D Expensing

By |2019-10-24T20:34:19+00:00October 24th, 2019|

A new House bill (H.R. 4549) introduced on September 29, 2019 is proposed to undo some major changes to how R&D expenses are treated. The new bill would enable companies to continue expensing R&D expenditures in the period during [...]

27 09, 2019

Documenting the Research Tax Credit Doesn’t Need to be Formal (or Scary)

By |2019-09-27T13:44:37+00:00September 27th, 2019|

Both the Internal Revenue Service (IRS) and state Departments of Revenue (DoRs) are happy to give out the research tax credits. However, they also want to make sure that they give out the right amounts. That means checking the [...]

12 09, 2019

Don’t Panic! 7 Tips to Avoid an Audit Battle

By |2019-09-13T15:30:26+00:00September 12th, 2019|

No one enjoys being audited. But with the Research and Experimentation Tax Credit being named one of 2019’s Dirty Dozen again, IRS audits for the R&E Credit are not an unusual occurrence. While it’s easy to feel like getting [...]

19 06, 2019

Michigan Introduces Bill To Update RTC For Automotive Industry Starting 2020

By |2019-07-01T18:05:21+00:00June 19th, 2019|

On June 13, 2019, Michigan introduced Senate Bill 378 that would create a refundable research tax credit (RTC) for specific Automotive Industry taxpayers for tax years beginning after December 31, 2019.  The current research tax credit equals 1.9% of [...]

26 02, 2019

Capturing Research Tax Credits in Drug Development

By |2019-02-28T14:20:47+00:00February 26th, 2019|

Bringing a New Chemical Entity (NCE) to market is an extraordinarily expensive endeavor.  According to a Tufts University study (and validated by many other sources) bringing an NCE to market can now cost upward of $2.5 billion...a 145% increase [...]