Small Business, Big Savings – 5 Tax Hacks for Small and Medium Businesses
Small and medium Businesses are the heart of the US economy. Not only do they make up 99.9% of all domestic businesses, they also keep the American Dream alive.
R&D Tax Credit — An Update On A Lifeline For Small And Medium Business
A cornerstone of U.S. tax policy (and for many other countries) has been to encourage and support research and development (R&D) in this country. Policymakers on both sides of the aisle have long recognized the importance of incentivizing companies to engage in R&D.
Small Businesses Face Big Tax Bills From Research-Deduction Change
Laura Lynn Gonzalez expected a tax refund this year, after her two-employee data-visualization company experienced a $30,000 loss. Instead, she said, she is facing a $100,000 federal tax bill that is about as large as her 2022 salary.
R&D Tax Credit for Software Development Firms
Software development firms are easily one of the largest businesses that can benefit from the Research and Development (R&D) tax credit because of their significant investment in innovation and the development of new technologies.
Key Tax Credits Can Help Automation Businesses Get Ahead
With the start of another tax season, businesses in the automation and manufacturing industries are forced to evaluate how persisting economic and industry trends have impacted their profit margins and viability.
What is the R&D Tax Credit? Does Your Small Business Qualify?
Is your business working to enhance the existing products, methods, or software? Are you developing new products and processes as part of your daily operations? Have you customized, integrated or developed products around client specifications?
Federal cybersecurity laws can improve private sector security
In recent years, America’s digital infrastructure has become a core vulnerability as international conflicts migrate online, and cyberwarfare becomes an ever-present threat to our nation’s security.
The Inflation Reduction Act beefed up the IRS. Here’s what it means for small businesses.
The Inflation Reduction Act set aside $79 billion to beef up the IRS, leading to concerns about the impact of increased audits in many corners.
Houston’s alliantgroup hosts panel discussion on the recent CHIPS, Inflation Reduction Acts
alliantgroup hosted a dynamic panel discussion on the two pieces of legislation that recently passed in Congress, the CHIPS Act and the Inflation Reduction Act, at its Houston headquarters last week.
Manufacturers Beware of Key R&D Tax Credit Changes
With a seemingly endless list of qualifying activities, including scale-up process techniques, along with compatibility and stability testing, manufacturing is consistently one of the top industries claiming the Research and Development Tax Credit (R&D Credit).