The $3.4 trillion fiscal package signed into law by President Donald Trump contains a particularly beneficial provision for innovative small businesses: a rare retroactive provision addressing capitalization of research and development expenses. This policy victory for small businesses shows the power of their outreach to lawmakers.
Understanding the Trump-era tax tweak that quietly turned research and development into a liability — and rewrote the economics of tech employment
Protecting the bottom line is essential for long-term success in the ever-evolving business landscape. One often overlooked avenue for achieving this is leveraging available tax credits and incentives.
The worldwide economy has changed enormously over the past 100 years. Today, the intensifying trade war is dominating headlines – each day sending a new jolt of uncertainty for economists and consumers alike. The latest “fix” is supposed to be built off trade deficits, tariffs, and other immediate changes that will strong-arm our problems away.
Rollins once was head of a group that opposed ethanol. More than a third of US corn harvest goes into biofuel
The election results certainly bring a new day when it comes to taxes – especially for small and medium businesses.
Mike Johanns says Trump nominee boasts the ag and policy experience needed to succeed as secretary of agriculture.
In the past two decades, a multitude of providers have popped up in the R&D Credit space. These “pop-ups” try to cover up shortcuts and inexperience with AI and slick marketing, putting taxpayers at risk and casting shade on the complex incentives industry as a whole.
The Senate’s failure to pass a $78 billion bill that included tax breaks for businesses and low-income families could have dire effects for small business research and development, Accounting Today reported.
Recently, major questions have been asked about pop-up shops claiming to do taxes with artificial intelligence (AI). Some are even saying they can perform studies for complex incentives such as the Research and Development (R&D) credit. The Internal Revenue Service (IRS) has this to say flatly…