R&D Tax Credit News

TWO ITEMS TO CONSIDER WHEN BUYING R&D TAX CREDITS The R&D Credit is one of the most impactful benefits for companies that are improving products, processes, and software in the U.S., and it still remains one of the most [...]

First established in the early 1980’s, the R&D Credit was created to keep high-paying, technical jobs in the United States at a time in which those jobs were being moved overseas. Fast forward 40 years and the tax credit is [...]

While businesses are looking for ways to increase profitability and cash flow, and reduce tax liability throughout the year, it becomes more of a top-of-mind issue as the calendar rolls towards the tax filing deadlines in March and April.   Companies [...]

July 11, 2020 marked the passing of a very special member of the Hull & Knarr family, David M. Hull, Founder. He dedicated his life in service to others and his memory will be cherished: In Memoriam, A Tribute to [...]

Companies have experienced a roller coaster of a year this year and we’re not even at the halfway point. For some, business may have been booming only to grind to a halt once stay-at-home orders were initiated, and social distancing [...]

Every year, tax season is a time in which accounting firms are burning the midnight oil to meet the filing deadline. That time can be stressful, emotionally draining and even physically exhausting as the clock winds down. With so many [...]

The research tax credit provides companies a competitive advantage and encourages growth, yet there remain many companies who are failing to take advantage of the credit due to some common misconceptions. Below are some of those misconceptions and an explanation [...]

Per a tweet on the morning of March 20, 2020, the Treasurer secretary announced that the April 15th filing deadline would be extended 90 days to July 15. Steven Mnuchin’s tweet said “At President Donald Trump’s direction, we are moving [...]

In December, the House of Representatives introduced a 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 [...]

Recently, I was talking to a company that was using an accounting firm to assist with their research tax credit. We went back and forth on the differences between using engineers and accountants to calculate the credit (we’re fans of [...]