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9 07, 2018

TCJA Dec 2017

By |2019-01-31T23:02:39+00:00July 9th, 2018|Tags: |

Tax Cuts and Jobs Act, H.R. 1 December 22, 2017 Summary of the Impact of Tax Reform on the Research Credit: Section 280C benefit increased Due to the corporate tax rate cut from 35% to 21%, the election to [...]

9 07, 2018

Payroll Tax Notice

By |2019-01-31T23:02:27+00:00July 9th, 2018|Tags: |

Notice 2017-23 -Interim Guidance, Election by Qualified Small Business to Claim Payroll Tax Credit for Increasing Research Activities, March 30, 2017 This notice from the IRS provides interim guidance for making the payroll tax credit election under Section 41(h). [...]

9 07, 2018

ASC 730 Notice

By |2019-01-31T23:02:16+00:00July 9th, 2018|Tags: |

LB&I Directive - Guidance for Allowance of the Credit for Increasing Research Activities for Taxpayers that Expense Research and Development Costs on their Financial Statements pursuant to ASC 730, September 11, 2017 This directive from the Large Business & [...]

8 02, 2016

Minnesota Updates Form for 2015

By |2019-01-31T23:01:38+00:00February 8th, 2016|

The Minnesota form for the Credit for Increasing Research Activities, Schedule RD, has changed effective for the 2015 tax year. The current method of calculating the Minnesota credit has not changed. However, an entirely new section of the form, [...]

17 09, 2014

Delaware Boosts Small Business

By |2019-01-31T23:00:55+00:00September 17th, 2014|

Delaware will soon allow businesses with less than $20 million in average revenue over the prior 4 tax years to claim a state research tax credit equal to 100% of the Federal R&E tax credit. Currently all companies are [...]