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9 07, 2019

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

By |2019-07-09T16:02:04+00:00July 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 [...]

25 06, 2019

State and Local Incentives

By |2019-07-09T15:35:13+00:00June 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 [...]

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 [...]

29 05, 2019

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

By |2019-07-09T15:58:57+00:00May 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 [...]

22 04, 2019

Time to Plan Ahead for 2019

By |2019-04-22T19:01:28+00:00April 22nd, 2019|

While 2018 is squarely in the rear-view mirror, many companies are still working on tax filings for that long past time period.  The unfortunate reality is that this is the right time to start planning for 2019. You can make [...]

9 04, 2019

New Tax Law May Incentivize Moving R&D Outside U.S.

By |2019-04-09T19:45:44+00:00April 9th, 2019|

In an extended game of unintended consequences, some U.S. corporations are facing uncertainty that may result in moving R&D operations outside the U.S.  The 2017 tax law changes didn’t account for existing rules that require certain U.S. business expenses [...]

14 03, 2019

You Don’t Have To Be Amazon To Benefit From The R&D Tax Credit

By |2019-03-14T13:56:26+00:00March 14th, 2019|

Tax filing time has arrived and so have the typical string of articles describing how the mega-corp. du jour is paying $0 in taxes despite billions in revenue.  The truth behind why a company, in this case Amazon, has [...]

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 [...]

13 02, 2019

Startup R&D Tax Credit Spotlighted For Lack Of Compliance Procedures

By |2019-02-28T14:24:45+00:00February 13th, 2019|

According to a December 19, 2018 Treasury Inspector General for Tax Administration (TIGTA) report, the IRS does not currently have processes in place to identify small businesses that do not meet the eligibility requirements and dollar limitations for claiming [...]