The IRS is going after scammy firms pushing a small business tax credit
Pop-up companies aggressively pushing a small business tax credit may soon be in hot water with the IRS.
Pop-up companies aggressively pushing a small business tax credit may soon be in hot water with the IRS.
In today’s rapidly evolving business landscape, organizations are experiencing change at an unprecedented and accelerating pace.
Unfortunately, the actual number of SMBs and charities taking advantage fell far below that due to
misinformed business owners lacking a full understanding of the credit and its qualifications.
Earlier this year, Fast Company ranked Scopio Labs as the most innovative medical device company of 2023 for its development of an AI platform that automates the analysis of peripheral blood smear tests.
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.
Alliantgroup recently won a major decision in U.S. Tax Court where the court wholly validated alliantgroup’s 179D process.
President Joe Biden’s 2024 budget proposals contain several proposals that could hit small businesses right where it hurts — their wallets. Proposals in the budget include boosting the top capital gains rate for income over $1 million, eliminating the so-called “step-up in basis” loophole, expanding who has to pay investment income tax and at what rate, and bumping up the corporate tax rate.
US businesses can take advantage of the R&D credit to onshore production & minimize the risks associated with long and complex supply chains.
Texas has emerged as a powerhouse in solar energy production, outpacing traditional energy sources and attracting significant investment.
While Covid-19 relief appropriations pulled many businesses from the brink of demise, an onslaught of associated fraud has come to the surface, especially regarding claims for the employee retention credit.