This article discusses the various pitfalls of using an online service to submit your research and development tax credits. For example, these online platforms cannot replace services such as the funded research rule. Further, accuracy is significantly important when filing this type of tax credit, and having a specialist look over your submission instead …
This article contains a quick video as to what can be expected within the agricultural industry through 2022. As the industry continues to recover, it is important to be able to anticipate accurate trends in order to take advantage of them. Topics such as risk reduction and storage investments are going to be pivotal …
This article discusses the resource that is the research and development tax credit program. Through this program, various businesses can receive credit from the federal government in order to continue innovating and research efforts. Specifically, to this link, the machining industry should be looking at this program in detail. In order to qualify, the …
This article discusses how although technological advancements were put on pause during the coronavirus pandemic, the industry has seen a boom since then. Specifically, trends such as 5G technology, autonomous driving, and edge computing are not only going to impact the way businesses operate, but are also going to impact our daily lives. Technological …
This article discusses the major trends that are expected to come into fruition within the agricultural industry this year. For example, sustainability efforts, meet alternatives, flexible financing, and smart technology are expected to change the way farms operate on a day-to-day basis. No matter the current state of your farm or agricultural business, being …
This article discusses a unique tool that many CPAs do not utilize or even know about. The cost segregation study is a way to recognize the fact that a building depreciates over time due to everyday wear and tear. Specifically, “a property’s elements are divided into two categories: real property, which includes permanent and …
This article explains that the electric heavy-truck start-up, Nikola, has begun production for its battery-powered version of its electric Tre semi-truck. Production for the electric semi-truck is located at Nikola’s factory in Coolidge, Arizona. The electric version of the Tre is “intended for shorter routes, with an estimated range of about 350 miles.” Nikola …
This article discusses the most recent publication from the IRS regarding requirements when applying for research and development tax credits. For example, the required information includes names of individuals who performed each research activity, all the information each individual sought to discover by business component, and all the business components that form the factual …
This article discusses how the research and development tax credit is an incentive from the federal government that is meant to incentivize innovation, design, and manufacturing. A tax credit is more significant than a tax deduction because it “reduces the amount of taxes owed, whereas a deduction reduces the amount of taxable income.” In …
