I recently wrote on the taxpayer rights/tax administration provisions that the Congress may pass before the end of the year – and now want to turn to the individual (mostly) and retirement tax provisions that Congress is considering as well.
The EU’s General Data Protection Regulation (GDPR) passed into law on May 25, 2018. It implements data-protection laws affecting anyone who processes personal data of EU-based individuals—that is, most businesses worldwide.
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.
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),
Tom Ridge, the first Homeland Security secretary and former governor of Pennsylvania, has signed on as the new Chairman of Cybersecurity and Technology at alliantgroup, where he will focus on encouraging smaller entities to use the federal research and development tax credit to develop cybersecurity products.
The oldest and largest tech industry association in Central Texas, ATC has helped Austin and Central Texas become one of the most relevant technology and innovation regions in the world. ATC supports the growth goals of their members by providing knowledge and access in the areas of capital, talent, business mentoring and networking.
Software businesses spend a huge amount of money on research and development activities every year, spurring rapid innovation and job creation.
As many of you may already know, Washington’s software and technology sector took a hit last year when lawmakers chose not to renew the state’s Research and Development Tax Credit, leading to more than 2,400 software and tech companies (State Department of Revenue) effectively losing a vital source of funding for their businesses.
Earlier this year the U.S. Treasury Department released new regulations regarding internal-use software (IUS)and its eligibility for the Research and Development (R&D) Tax Credit. Thanks to these new regulations,software developers have received a substantial boost in their ability to claim R&D-based tax incentives.