A common misbelief surrounding the R&D tax credit in Texas is that only large corporations qualify and that it’s too complex to apply for. Indeed, when it comes to claiming the R&D tax… read more →
On June 14, 2013, House Bill 800 was signed reinstating Texas R&D tax credits through 2026. Much of the work done on a federal R&D tax credit return applies to… read more →
The R&D tax credit, worth approximately $7 billion annually in recent years, saw 17,700 corporations claim $6.6 billion in R&D Tax Credits on their tax returns in 2005 alone. Bearing in mind the… read more →
A recent study in 2015 revealed that the federal R&D tax credit could assist in booming the United States economy. The study, created by the National Association of Manufactures (NAM),… read more →
The R&D tax credit was first introduced back in 1981 as part of the Economic Recovery Tax Act that was sponsored by Jack Kemp and William Roth. It was expected… read more →
Now that the R&D Tax Credit has been extended for the 16th time since its creation in 1981, advocates are realizing how the lack of permanence is weakening the effect… read more →
On July 8, 2015, the International Tax Reform Working Group released its Comprehensive Tax Reform Report. The group, co-chaired by Senators Rob Portman (R-OH) and Chuck Schumer (D-NY), focused on… read more →
The economic outlook for Texas business is much brighter than almost any other state in the U.S. The passing of House Bill 800 reduces the R&D tax burden on your… read more →
Companies are able to claim the R&D tax credit for qualifying activities performed at universities or other qualifying organizations and typically receive a higher credit than they would if the… read more →
Don’t dismiss the possibility of tax credits without doing the proper research beforehand. There is a lot of word of mouth myths that fly about regarding taxes and what you… read more →