609, 2018

What Tax Reform Means for Software and Tech: Four Things to Look for Next Tax Season

By |September 6th, 2018|R&D, Software|0 Comments

September 6, 2018
by Tracy Lustyan for alliantgroup
Published in Software Magazine

Tax season has come and gone, but for software and tech companies, next year’s season is when these businesses will feel the most substantial impact of the recent tax reform bill. With many of the most important provisions from the legislation set to take effect in tax year 2018—meaning next tax season—now is the time for executives to review the new opportunities that exists for both big tech and startups.

Here we highlight a few segments of the bill and a breakdown of its anticipated impact on software and tech companies.

Reduced Rates for Corporations
The new law slashes the corporate tax rate down from 35 to 21 percent and completely eliminates the corporate Alternative Minimum Tax (AMT). Both modifications are permanent.

Beneficiaries 
Both provisions are obviously great news for big-time tech companies, with the reduced rates putting […]

609, 2018

What Congress Might Do On Taxpayer Rights And Tax Administration In The Next 120 Days

By |September 6th, 2018|From the desk of Dean Zerbe, R&D, Software|0 Comments

September 4, 2018
by Dean Zerbe for alliantgroup
Published in Forbes

The House and the Senate tax-writing committees have been working on (and the House has passed) some small-ball bipartisan tax legislation that can be grouped into two parts: 1) provisions that address taxpayer rights and tax administration; and, 2) provisions that are making substantive changes to the tax laws in areas such as retirement/401(k), education, etc. In addition, tax extenders (especially energy extenders) is in the conversation as well. There is a good possibility that Congress acts on this legislation (all, or in part) before the end of year.

For this article, a look at the taxpayer rights/administration legislation – and in a second article an overview of the substantive tax law changes being proposed.

The House

The House has passed a number of taxpayer rights/tax administration bills – primarily

409, 2018

Tackling the profit challenge through tax credits

By |September 4th, 2018|R&D|0 Comments

August 31, 2018
by Robert Pratzel for alliantgroup
Published in AIA

Former architecture CFO Robert Pratzel and AIA partner alliantgroup examine how architecture firms can recoup thousands of dollars by leveraging the R&D tax credit.

Architecture firms often have difficulty achieving consistent and satisfactory levels of profits. This is due to a variety of factors, but perhaps most significant are fees being subject to wide swings as business cycles shrink and expand, which, in turn, can have a dramatic impact on capital spending for building projects. This issue is exacerbated by the fact that most firms focus on specialties rather than diverse practices, making them more vulnerable to shifts in the economy.

Helping the firm achieve adequate capitalization is a primary responsibility of the CFO, which includes implementing the most effective income tax strategy. One of the tools my firm takes advantage of […]

1708, 2018

Executive Spotlight: alliantgroup CEO Dhaval Jadav

By |August 17th, 2018|R&D, Uncategorized|0 Comments

August 17, 2018
by Kim Tardy, alliantgroup Director of Talent
Published in Forbes

What Makes a Successful Business & Strategies on Attracting and Retaining Top Talent

It has been almost four years since I first joined alliantgroup, and in my time at the firm, the company has experienced exponential growth.

Considering where we are today—a firm of over 800 professionals with a domestic and international presence, a strategic advisory board comprised of former policymakers, heads of state, elected officials, chief executives as well as business and industry leaders—it is hard to imagine that alliantgroup started back in 2002 with just two people working out of a studio apartment. My, how times have changed since those early days when CEO Dhaval Jadav and COO Shane Frank took the ultimate […]

1408, 2018

Embracing The Future: The STEM Revolution

By |August 14th, 2018|R&D, Uncategorized|0 Comments

August 14, 2018
by Dhaval Jadav, alliantgroup Chief Executive Officer
Published in Forbes

Considering the headlines and narratives we saw emerge from the last election, it’s clear that social and economic anxieties are running high within our nation. The reasons for this are obviously diverse and complex, but one root theme that encompasses the socio-economic anxiety we have been seeing is economic and technological disruption and its impact throughout all corners of our economy.

If you examine the industries that sparked and lit the raging fires that powered the U.S. economy in the ‘80s (the automotive industry), ‘90s and ‘00s (technology/Silicon Valley), at the root of these economic evolutions and revolutions were STEM (Science, Technology, Engineering and Mathematics) based concepts and jobs.

Fast forward to the present day and it is the advancement of automation and […]

2407, 2018

Our World In 2028: A Decade Of Innovation

By |July 24th, 2018|R&D, Uncategorized|0 Comments

July 24, 2018
by Dhaval Jadav, alliantgroup Chief Executive Officer
Published in Forbes

The world as we know it will change profoundly over the next ten years. With a projected global population of over 8.4 billion by 2028, businesses across all industries are investing billions of dollars in technology and innovation in order to be successful in a future where everyone is connected and information is instant.

With countries imposing bans on fossil fuels, the continued looming threat of cyber-attacks, and many professions being forever reshaped due to improvements in technology; change is inevitable. Our society is advancing faster than ever before, and businesses across the globe are implementing strategies today to fulfill the needs of the future.

Agriculture

As the population swells, the agriculture industry is making strides in […]

2007, 2018

How a Little-Known Tax Credit Can Pay Off Big in Automation Costs

By |July 20th, 2018|R&D, Uncategorized|0 Comments

July 19, 2018
by Greg Knarr, alliantgroup Director
Published in IndustryWeek

The R&D tax credit can offset much of development and implementation costs for automation systems and provide a source of capital for the acquisition of additional technical talent.

To meet productivity and efficiency demands, industries are rapidly turning to automation. But automation systems are expensive.

A highly underutilized government incentive, the Research & Development (R&D) Tax Credit, help offset much of the development and implementation costs for automation systems and provide a source of capital for the acquisition of additional technical talent.

The Evolution of the Tax Credit

In the late 1980s, the U.S. took steps to battle an economic slowdown by implementing the R&D Tax Credit to encourage domestic corporate innovation. And in the decades since its inception, the requirements surrounding the […]

2406, 2018

IRS Insider: 3 Common Mistakes Businesses Make

By |June 24th, 2018|R&D, Uncategorized|0 Comments

July 24, 2018
by Kathy Petronchak, alliantgroup Director of IRS Practice & Procedure
Published in Forbes

During my time with the IRS, I saw my fair share of mistakes made by businesses that could have easily been avoided. These days, with a large number of taxpayers using a tax return preparer, it is a bit surprising that there are opportunities still being overlooked by both companies and individuals alike.

We can generally agree that taxpayers would rather not have to engage with the IRS. For most owners and operators, a contact from the IRS is one of those annoyances that, while necessary from time to time, can be extremely unpleasant when unexpected issues occur.

So, what causes these issues to arise? There may be multiple reasons for this but one of the largest issues is communication […]

1206, 2018

Tools to Help U.S. Agriculture Stay Competitive

By |June 12th, 2018|R&D, Uncategorized|0 Comments

June 6, 2018
By Mike Johanns
Farm Bureau

Every five or so years, the U.S. Congress has the difficult task of trying to pass an act that will guide the future of the agriculture industry, while simultaneously trying to minimize the rural/urban divide. This act historically has gone by many names, but is universally known as the “farm bill” and sets the table for some of the most efficient and innovative minds to help feed the world. It’s never easy to pass, not due to partisan politics generally, but rather as a result of where Americans call home.

As the farm bill inches along, the focus for many in the agriculture sector is how well this bill can help the industry rise up and out of its current recession. With an industry that has survived a multi-year recession, deflated prices and a drop in net farm […]

205, 2018

The STEM crisis: What the growing skills gap means for the economy and where we go from here

By |May 2nd, 2018|R&D, Uncategorized|0 Comments

The Hill
05/02/18

Our government wants businesses to stop outsourcing. It creates incentives to encourage the hiring of American workers. It implements policies to keep jobs and factories here in the U.S.

And while these measures are all well-meaning, none of them ultimately tackle what is the greatest threat to our nation’s long-term economic prosperity—the technical skills gap in our workforce. Couple that with restrictions on immigration, and particularly H1-Bs, and we’re on the brink of a talent vacuum here in the U.S.

As someone who works with businesses from around the country, from industries as diverse as manufacturing to architecture and construction, I can tell you that the number one thing that keeps CEOs up at night is the issue of talent. Simply put, there are not enough technically skilled workers out there to meet […]

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