The R&D tax credit is now permanent and for the first time ever, small businesses and start-ups can take advantage of this lucrative tax credit. Every year, billions of dollars are given to qualified businesses. Estimate your tax savings using our quick, simple R&D Payroll Tax Credit Calculator and save up to $250,000. Author: Kevin … Read More
research tax credit
House on the verge of voting on Tax Extenders including the R&D Tax Credit
Last week, congressional aides to Senate Majority Leader, Harry Reid (D-NV), and House Ways and Means Committee Chairman, Dave Camp (R-MI), were reportedly nearing a deal to address many of the tax provisions that expired at the end of 2013. The reported value of the deal was in excess of $400 billion. Many of these … Read More
Answers to Questions Raised on the R&D Tax Credits Webinar
Thank you for attending our RD 101: Research & Development Tax Credit Overview webinar on 8/20/13. We hope you enjoyed the course and find the information useful towards understanding the R&D Tax Credit. We encourage you to reach out to us for any additional concerns you may have regarding the material covered in class. As promised answers … Read More
Maryland’s Research and Development Tax Credit Extended and Annual Limits Increased
On April 9, 2013, Maryland’s Governor, Martin O’Malley, approved HB 386, extending and expanding Maryland’s research and development (R&D) tax credit. Maryland’s current R&D tax credit law provides a credit against regular Maryland tax for companies incurring qualified research expenses (QREs) within the state. Maryland currently caps its R&D credits at $6 million per calendar … Read More
R&D Tax Credit Tax Case, Union Carbide Corporation and Raw Materials Used During Testing
Union Carbide Corporation R&D Tax Credit Case Now Final: The Supreme Court denied certiorari review on March 18, 2013The widely followed R&D Tax Credit case involving Union Carbide Corporation (UCC) and the cost of supplies used during production has finally come to an end. On March 18, 2013, the Supreme Court denied review of the … Read More
Florida Research & Development Tax Credits are Available for 2012
For tax years beginning on or after January 1, 2012, the State of Florida allows a qualified “business enterprise” to claim a state R&D credit of 10% for qualified research expenses (“QREs”) incurred in Florida (2012 Florida Statute §220.196).Is there an application process? Yes. An application process must be completed in order to be considered … Read More
R&D Tax Credit Receives Retroactive Two Year Extension through 2013
Congress passed a two-year extension for the R&D Tax Credit as part of the Fiscal Cliff Relief bill. The “American Taxpayer Relief Act of 2012” (the Act), which the President signed into law on Jan 2, 2013, extends the credit retroactively and is now set to expire at the end of 2013. This is the … Read More
KBKG Responds to Technical Questions Raised on the R&D Tax Credits
Thank you for attending our Research & Development Tax Credit Overview webinar. We hope you enjoyed the course and find the information useful towards understanding the R&D Tax Credit. We encourage you to reach out to us for any additional concerns you may have regarding the material covered in class. We hope that you will … Read More
Tracking Time Spent on R&D
Dallas Business Journal Interviews The KBKG Director of R&D Tax CreditsThe Dallas Business Journal interviewed Bruce Stubbs, Director of R&D at KBKG Inc., in an article titled “Extra Credit for Innovation”. In the interview, Bruce recommends using a time tracking system for employees who are involved in R&D. “Anybody that touches the project, you want … Read More
KBKG Responds to Technical Questions Raised on the R&D Tax Credits
Does the provision for eligible small business credits to eliminate AMT in 2010 carry forward into 2011. If a credit is generated in 2011 can it fully offset AMT? The 2010 R&D generated are the only credits which can be used to offset AMT. This was a special rule for 2010 only. The 2010 credits … Read More