Clients who already filed their 2016 tax returns can now take advantage of a ONE TIME opportunity from IRS – file an amended 2016 tax return before 12/31/17 and you can still claim the R&D credit towards your payroll tax liability for the next quarter. To...
The new Path Act which was passed in Congress December 2015 kicks in effective for tax year 2016. One significant new provision is that start up companies can use up to $250,000 in R&D credits against their 2017 quarterly payoll tax liabilities. Do you Qualify?...
Under the December 2015 Path Act, Congress will provide additional R&D tax credit incentives for small business, as defined as a company with less than $5 million in receipts and no history of receipts longer than 5 years – stated another way – a...