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The Role R&D Tax Credits Play in Recovery and Realignment
Posted by Michael Corrente on Mon, Mar 8, 2021 @ 10:35 AM

“Pivot” may have been one of the most used terms in 2020 as organizations quickly adjusted to the disruption of the COVID-19 pandemic. Impact on supply chains and physical work environments brought changes to the way of doing things for organizations across the board. To the extent your organization undertook activities that were new or different from what you had done before, you may find you are eligible for an often-generous federal tax credit program for research and experimentation.

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Topics: Michael Corrente, research and development, R&D, research and development tax credit, research and experimentation, R&E

Companies Have a New Way to Simplify R&D Compliance
Posted by Carl Giardino on Wed, Dec 13, 2017 @ 01:37 PM

The research and development (R&D) tax credit is one of the most widely applicable tax credits available to businesses. It provides an incentive for most companies to bring new or improved products to the marketplace or to improve production processes. R&D tax credits may also be applied retroactively, which could result in cash refunds from previously filed tax returns. Smaller businesses benefit as well. Companies with gross receipts that are less than $50 million can use the credit to offset alternative minimum tax (AMT) liability, and qualifying start-up companies can use the credit to offset payroll tax.

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Topics: Carl Giardino, research and development, Taxes, R&D, research and development tax credit, tax credit

Proposed R&D Credit Regulations Would Clarify, Modify Tests for Internal Use Computer Software
Posted by Kristen Shepley on Fri, Mar 13, 2015 @ 09:33 AM

The Treasury and IRS have released proposed regulations governing the credit for increasing research activities (the research and development or R&D credit) with respect to computer software for internal use. The proposal also withdraws a prior advanced notice of proposed rulemaking, and asks for public comments.

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Topics: research and development, internal computer software

Are You Eligible for the 2013 Massachusetts Life Sciences Tax Incentive Program?
Posted by Michael Corrente on Wed, Aug 21, 2013 @ 09:28 AM

If you are a company in Massachusetts engaged in life sciences research and development, commercialization and manufacturing, you may be eligible for State tax incentives for the creation of new, sustained jobs. Over the past 4 years, the State awarded tax incentives to nearly 50 companies totaling more than $75 million. Those companies created a total of more than 1,800 jobs after receiving their tax incentives. 

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Topics: life sciences, research and development

Can Your Business Take Advantage of the Research and Development Credit?
Posted by Carl Giardino on Mon, Apr 29, 2013 @ 09:17 AM

R&D Credit is a Significant, but Under-Utilized, Tax Benefit

Author: Carl J. Giardino, JD, MBA

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Topics: tax, IRS, Carl Giardino, research and development

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