Boost to Businesses – Build It In America Act by Kevin Zolriasatain | Principal, KBKG, 6/15/2023 Tax Insight: Research and Development (R&D) Tax Credit / Research and Expenditures On Tuesday, June 13, the House Ways and Means Committee approved three bills: the Small Business Jobs Act, or H.R. 3937, and the Build It in America Act, or … Read More
Section 174 and R&E – Uncertainty and Questions by Kevin Zolriasatain | Principal, KBKG, 3/23/2023 Many businesses, small and large, rely on research and development to improve their offerings, compete with international markets, and increase profits. The implications of recent changes to section 174 and no movement from Congress have left many business owners unsure … Read More
On February 14, 2023, the American Institute of Certified Public Accountants (AICPA) sent a letter urging Congress to address expired and expiring tax provisions to avoid needless complexity and ambiguity. More specifically, the AICPA called on Congress to defer the Internal Revenue Code Section 174 amortization requirement for research and experimental expenditures until 2026. The … Read More
Looking for CPE credit? We have several sessions available this month. Click the links below to register. If you have questions or need help registering, please email [email protected]. Research & Development Tax Credits 11/1/2022 | 12:00 PM PT | 1 hour | 1 CPE credit This webinar will cover the fundamentals of the Research and … Read More
R&D Tax Credit Insights from Former IRS Executives – Videos by Jack Jolly, Director and Mark Bodenstab, Director | KBKG, 6/14/2022 Jack Jolly is a Director of R&D Credit at KBKG. He worked 20 years for the IRS managing a team of IRS engineers who spent most of their time auditing R&D tax credit claims. … Read More
This year, Sumit Sharma, Paul McVoy, Alexis McClellan, and Justin Brumfield will be representing KBKG at the NJCPA Convention & Expo. This conference takes place from June 14th to June 17th at NJCPA Convention & Expo in Atlantic City. About the NJCPA Convention & Expo The NJCPA Convention & Expo knows that there are mega-changes … Read More
Earlier this month, the Kansas University Jayhawks men’s basketball team captured the school’s 6th National NCAA Championship with a 72-69 victory over the North Carolina Tarheels. In one of the most competitive college basketball years to date, Kansas was crowned number 1. Much like college basketball, states compete to attract businesses and innovation to spur … Read More
In an effort to further stimulate the Minnesota economy, state Senator Julia Coleman and House Representative Kristin Robbins introduced S.F. 2970 and H.F. 3316, respectively. Both bills would add a new methodology for taxpayers to utilize in calculating its Minnesota R&D Tax Credit. It is modeled after the federal Alternative Simplified R&D Credit (ASC) methodology. … Read More
On January 21, 2022, Hawaii State Senator Jarrett Keohokalole introduced Senate Bill (SB) 2599, revising the certification requirements and increasing the annual aggregate cap for the State of Hawaii’s tax credit for research activities (“Hawaii R&D tax credit”). The proposed Section 235-110.91 revisions would first and foremost triple the aggregate cap of research credits available … Read More
KBKG spoke at the Ohio Chamber of Commerce 2022 Business Tax Conference on Tuesday, January 25th and Wednesday, January 26th. Lester Cook presented on Cost Segregation, Paul McVoy spoke on R&D Tax Credits, and Todd French represented the firm at the exhibit booth. See below for session details. Tuesday, January 25th | 1:45PM EST Cost … Read More