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Tax Incentives Small Businesses Can Claim in 2023

2023 will bring some exciting and lucrative tax incentives for small and medium businesses across America. Taking advantage of these opportunities can significantly impact your business’s bottom line, so it’s essential to stay informed about the incentives available.

rd credit software

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.

What is the R&D Tax Credit? Does Your Small Business Qualify?

  • R&D

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?

New R&D Credit Refund Requirements Create Hurdles

The IRS has added a new layer of complexity for those who intend to claim a research credit refund. Eric Hylton, director of compliance at alliantgroup, discusses how taxpayers are now having to provide more information to the agency to substantiate their refund qualification.

IRS’s New R&D Tax Claim Requirements

Understanding IRS’s New Requirements for R&D Tax Claim

In an attempt to finetune the verification process for R&D tax credit, the IRS has decided to introduce some new requirements for information from businesses availing the claim. In a recent Chief Counsel memorandum, the agency stated that it wants more detailed information about all of the business components for the claims made for that year.

alliantgroup joins the National Association of Dental Laboratories

  • R&D
HOUSTON, July 23, 2020 – alliantgroup, the nation’s leading provider of R&D Tax Credit services and a national tax consultancy, is proud to announce that it has become a member of the National Association of Dental Laboratories (NADL). “We’re happy to welcome alliantgroup as a new member,” said Bennett Napier, Executive Director of the NADL.