How will the Tax Cuts and Jobs Act Effect Federal R&D Tax Credits?

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?

How Start-Ups can Offset Payroll Tax with 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?

R&D Tax Credits – Exciting Changes and Benefits

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