KBKG Tax Insight: Maximizing the Value of the Orphan Drug Tax Credit

07/19/2017News, R&D Tax Credit, Recent News, Tax Insight

The Pharmaceutical and Life Sciences industry currently faces a range of issues, including the rising costs of discovery and development, major losses of revenue due to patent expirations, and increased complexities due to demanding regulatory requirements. Moreover, developers of orphan drugs must overcome a host of additional challenges that make it difficult to recoup investments … Read More

Press Release: KBKG Launches New Payroll Tax Credit Estimator for Small Businesses & Start-Ups

05/18/2017News, R&D Tax Credit, Recent News

Pasadena, California, May 16, 2017 – KBKG, a nationwide tax services firm headquartered in Pasadena, California, recently launched a free calculator to help early-stage businesses save up to $250,000 in payroll tax. The Research and Development Tax Credit is now permanent, and its benefits extend to small businesses and start-ups who were previously unable to … Read More

KBKG Tax Insight: R&D Tax Credits Payroll Tax Offset – Interim Guidance Notice 2017-23

04/24/2017News, R&D Tax Credit, Recent News, Tax Insight

The Treasury Department and Internal Revenue Service (IRS) released interim guidance surrounding the payroll tax credit election available to certain small businesses under Section 41(h) of the Internal Revenue Code (IRC). The addition of the payroll tax offset was introduced as part of the Protecting Americans from Tax Hikes (“PATH”) act of 2015. Notice 2017-23 … Read More

KBKG Tax Insight: Monetize R&D Tax Credits: Start-ups and Small Businesses

02/11/2017R&D Tax Credit, Recent News, Tax Insight

What start-up or small business wouldn’t want an extra $250,000? Thanks to The Protecting Americans from Tax Hikes (“PATH”) Act of 2015, there is a new opportunity to monetize research and development (“R&D”) tax credits. Start-ups and small businesses who were previously unable to realize a benefit from this lucrative incentive should reassess R&D tax … Read More

KBKG Tax Insight: IRS Issues Final Regulations Surrounding the Qualification of Internal Use Software towards the R&D Tax Credit

10/04/2016News, R&D Tax Credit, Tax Insight

On October 4, 2016, the Internal Revenue Service issued final regulations which provide guidance on the qualification of internal use software (“IUS”) for purposes of the Section 41 Credit for Increasing Research Activities. The final regulations (TD 9786) address many of the comments received regarding the proposed regulations that were released in January of 2015. … Read More

Research Tax Credit Opportunities for Architects and Engineers

05/17/2016News, R&D Tax Credit, Recent News, Tax Insight

Architecture and engineering firms may want to take another look at the often forgotten Research & Development (R&D) Tax Credit. Many may be eligible for federal and state research credits without realizing it. Historically, the R&D Tax Credit was geared to only benefit large companies; mostly in the manufacturing, software, high-tech and pharmaceutical industries. However, … Read More

R&D Tax Credit Expanded for Small & Midsize Businesses

12/18/2015R&D Tax Credit, Tax Insight

Congress is spreading some cheer this holiday season in the form of tax breaks for both businesses and individuals. The Protecting Americans from Tax Hikes (“PATH”) Act of 2015 was passed by both the House and the Senate and is a groundbreaking $650 billion tax extender bill aimed at providing taxpayers certainty and opportunity into … Read More