Federal Tax

The IRS Issues New Administrative Authority Governing the Tax Treatment of Depreciation and Expensing Rules

On December 21st of 2018, the Internal Revenue Service (hereinafter the “Service”) issued new administrative guidance in the form of Rev. Proc. 2019-08 governing expense deductions...

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SALT Advisory Insights: A Spotlight on the New Jersey R&D Tax Credit Program

Part of a Series on State and Local R&D Tax Credits. Many states offer tax credits from research and development spend that complement the Federal R&D...

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Contract Manufacturers: Take Advantage of R&D Tax Credits for Manufacturing

Learn What Activities May Qualify for Significant Tax Savings. Calculating the Research and Experimentation Tax Credit (RTC) under IRC §41 allows taxpayers engaged in qualified Research...

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Treasury Releases Proposed Regulations for Opportunity Zones

On October 19, 2018 the Department of Treasury issued proposed regulations for Opportunity Zone Investors and has sent these rules over to the IRS. The proposed...

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Computing the R&D Tax Credit for the Software Industry

What is the R&D Tax Credit Software companies have traditionally qualified for the R&D Tax Credit against income tax. However, many software companies are not taxable...

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A Practical Guide to the Tax Cuts and Jobs Act

On Thursday, November 2nd the House of Representatives released a draft of their tax reform legislation entitled “The Tax Cuts and Jobs Act ” as presented...

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R&D Tax Credit Payroll Refund Checks Are Rolling In

As part of the 2015 PATH Act, the R&D Tax Credit Program was significantly enhanced to allow qualified start-up companies to claim up to $250,000 of...

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Approaching Due Date for Pennsylvania R&D Tax Credit Application

On September 15, 2017, Pennsylvania’s Research and Development Tax Credit application is due for companies qualifying for the Federal and State Research and Development Tax Credit....

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Top 3 WOTC Pit Falls – Reasons Qualified Candidates Don’t Get Approved

What Is WOTC The Work Opportunity Tax Credit (“WOTC”) is a Federal Tax Incentive Program to encourage employers to hire and retain employees from specific target...

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