The R&D tax credit is a 20% credit for incremental expenses incurred in domestic research and development activities. This credit benefits various businesses, but the vast majority of R&D claims at ...

In July, the IRS wrapped up its annual Dirty Dozen scams list, designed to warn taxpayers against abusive tax promotions. One practice mentioned is the improper claiming of business credits, ...

For contract manufacturers, especially those working with metals or plastics, now is the time to explore a potentially highly profitable opportunity: the Research and Development (R&D) Tax Credit.

The Protecting Americans From Tax Hikes Act of 2015 (PATH Act), P.L. 114-113, contained several provisions favorable to taxpayers that incur qualified research and development (R&D) expenditures.

Big Problem: Inefficient tax credit realization. Big Thinking: Identified a $900,000 tax credit, nearly twice as much as prior years. Joining Schneider Downs in 2004, Doug Morally has more than 14 ...

There are two types of tax incentives: deductions and credits. As tax advisers, we always prefer credits. In most cases, they offset income tax liability dollar for dollar, whereas deductions only ...

On June 14, 2025, Minnesota Governor Tim Walz signed H.F. 9 into law, modifying the state’s R&D Tax Credit to make a portion refundable for the first time. The R&D Tax Credit, officially known as the ...

To continue reading this content, please enable JavaScript in your browser settings and refresh this page. The oil and gas industry is no stranger to innovation, and ...