Misconceptions about the Research & Experimentation Tax Credit
Posted by Sarah Russell and Tim Finerty on January 26, 2017
Sarah Russell
At the end of 2015, the U.S. Senate passed a bill which made the Research & Experimentation (R&E) tax credit permanent. As we begin 2017, we wanted to remind taxpayers about some common misconceptions surrounding this credit. The research and experimentation (commonly known as the research and development) tax credit is a tax incentive that can provide tax benefits for companies investing in R&E. Only 5% of companies with qualified research activity are currently utilizing this tax incentive to the fullest extent. This article outlines what is considered qualifying activity and highlight the areas most often overlooked when calculating the …
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Interest Charge Domestic International Sales Corporation (IC-DISC)
Posted by Sarah Russell on May 10, 2016
The United States has continually offered encouragement and support to domestic companies to promote export sales of domestically produced goods. One of the tools …
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Top 5 Questions about the Foreign Tax Compliance Act (FATCA)
Posted by Sarah Russell and Nina Wang on September 29, 2015
In our first article, we discussed the basics of FATCA, considerations for non-financial domestic entities, and foreign entities. We subsequently published another article that discussed …
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5 Low-Tax Jurisdiction Strategies for Small- and Medium-Sized Businesses
Posted by Sarah Russell on June 25, 2015
There has been much publicity lately regarding large multi-national companies and their offshore tax planning strategies, which has led many business owners to wonder how …
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5 Questions Answered about the Foreign Tax Compliance Act (FATCA)
Posted by Sarah Russell on April 2, 2015
In our last article, we discussed the basics of the Foreign Tax Compliance Act (FATCA), as well as considerations for non-financial domestic entities and foreign …
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Reward Your Business with the Domestic Production Activities Deduction
Posted by Sarah Russell on March 17, 2015
The Domestic Production Activities Deduction May Be for You Does your business manufacture products in the US? Does your company employ US residents that work …
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IRS Changes the Streamlined Filing Compliance Procedures and Offshore Voluntary Disclosure Program
Posted by Sarah Russell on September 4, 2014
Earlier articles have focused on the filing requirements for U.S. persons with foreign bank accounts or other foreign financial accounts. If you have such accounts …
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Outbound International Filings
Posted by Sarah Russell on March 18, 2014
Are you a resident of the US doing business in other countries? Or perhaps your company has expanded to other countries. While that business is …
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IRS Releases Final Regulations Affecting the Net Investment Income Tax
Posted by Sarah Russell on December 19, 2013
As the Holiday season is in full swing the last thing on most taxpayers’ minds is the upcoming tax filing season. However, we have been …
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Proving Beneficial Ownership to China Requires Right Approach
Posted by Sarah Russell on February 1, 2013
Foreign investors in China who want to obtain tax treaty benefits for withholding taxes on dividends need to understand the concept of beneficial ownership, communicate …
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Maximizing Tax Savings for System Integrators & Automation Companies
Posted by Tim Finerty and Sarah Russell on June 8, 2016
Clayton & McKervey Shareholders Tim Finerty and Sarah Russell hosted a webinar, "Maximizing Tax Savings for System Integrators & Automation Companies," produced by the Robotic Industries Association (RIA). The presentation discussed recent changes in legislation and the current eligibility requirements for companies interested in benefitting from R&E tax credits.
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