The big winners of the Tax Cuts and Jobs Act (TCJA) enacted in December 2017 are obviously the C-corporations in America. For tax years beginning after Dec. 31, 2017, C-corporations will enjoy the following benefits: * A significantly reduced maximum tax rate from 35% to 21% * The elimination of corporate Alternative Minimum Tax * … Continue reading How will the Tax Cuts and Jobs Act Effect Federal R&D Tax Credits?
Business Resource Services has received many questions related to the R&D tax credit and how it can benefit startups and small companies in particular. The Protecting Americans from Tax Hikes Act of 2015 (The PATH Act) created an opportunity for qualified small businesses to offset all or a portion of their contribution to payroll tax using … Continue reading How Start-Ups can Offset Payroll Tax with R&D Tax Credits?
The largest and most complex tax cut in U.S. history, the Tax Cuts and Jobs Act (TCJA), has left American business owners wondering how the changes to the tax code will affect them and their businesses. In the coming months, business executives and their tax preparers will be scurrying to reformulate their tax strategies and … Continue reading Impact of the Tax Cuts and Jobs Act on R&D Tax Credits
The R&D Tax Credit, also known as the Credit for Increasing Research Activities, continues to receive positive improvements as a result of changing regulations. For Life Science companies, depending on your situation, it can apply in two very beneficial ways. If you are a Qualified Small Business you can offset a portion of your payroll … Continue reading R&D Tax Credits Continue to Benefit Life Science Companies Under Tax Reform
Small Business Offset for Payroll Tax and AMT When can you recall new tax laws being good news for business? U.S. manufacturers and technology companies are only beginning to realize that federal income tax provisions contained in the recently enacted Protecting Americans from Tax Hikes Act of 2015 (PATH Act) are certainly worth being excited … Continue reading R&D Tax Credits – Exciting Changes and Benefits