Blog2019-02-10T17:52:12+00:00

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2410, 2019

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

October 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 [...]

1110, 2019

How To Get Indiana To Pay Your Payroll Tax For You!

October 11th, 2019|

Indiana’s Economic Development Corporation has a mission to help companies invest and grow within the state. There is a long list of valuable incentives offered by the IEDC. Among the most powerful and broadly beneficial of these incentives is [...]

310, 2019

New Research Credit Bill Could Help Start-ups Recover Higher Cash Returns

October 3rd, 2019|

In late July, the Senate proposed a bipartisan bill to boost the research credit for new and small businesses. The bill, Research and Development Tax Credit Expansion Act of 2019, would potentially impact taxpayers who are eligible to offset their [...]

2709, 2019

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

September 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 [...]

1809, 2019

Systems Integrators Can Recover Cash With R&D Tax Credits

September 18th, 2019|

If you’ve been in business more than a few hours, you understand that building and growing a business can be a Herculean task. It can be even more challenging if your customer is the government or government contractors. From [...]

1209, 2019

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

September 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 [...]

907, 2019

How to Use the R&D Credit as Non-Dilutive Funding

July 9th, 2019|

Surprisingly, a majority of small to medium size businesses have never heard of the R&D Credit. Not surprisingly, they’re not taking advantage of these valuable sources of funding. When they are aware and claiming the Credit, they’re often leaving [...]

2506, 2019

State and Local Incentives

June 25th, 2019|

Beyond the R&D tax credit, state and local incentive programs are meant to incentivize business activity and growth in a specific state, county, city, or municipality.  These incentives typically take the form of one of the following: Traditional Tax [...]

1906, 2019

Michigan Introduces Bill To Update RTC For Automotive Industry Starting 2020

June 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 [...]

2905, 2019

Tax Credits and Incentives as Alternative Sources of Non-Dilutive Funding

May 29th, 2019|

A few weeks ago, I had the privilege of representing Hull & Knarr at Kinetic Indiana and share our expertise in R&D Tax Credits and Local and State Incentives. Every year, Elevate Ventures organizes Kinetic Indiana to give entrepreneurs [...]

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