Blog2022-01-09T18:10:15-05:00

R&D Tax Credit News

Section 174 Example

Despite recent guidance from the IRS regarding Section 174 amortization, businesses remain unsure about the impact of Section 174 and for good reason. Many are wondering whether they should accept government contracts or not for fear that it will be [...]

Unleashing Growth: The Impact of the Newly Proposed Bill on Research Tax Credits

An encouraging development has emerged in the world of Research Tax Credits as H.R. 5056, Fostering Innovation and Research to Strengthen Tomorrow Act was recently introduced in the House Ways and Means committee signaling potential changes to Research Tax Credits. [...]

GAO Report Finds IRS Can Strengthen Its Compliance Plan Regarding Pandemic Tax Relief Programs

The Government Accountability Office (GAO) released a report on May 17 identifying ways the IRS can strengthen its compliance plan in response to tax relief benefits (paid sick and family leave credits, Employee Retention Credit (ERC) and payroll tax deferrals) [...]

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