If the R&D tax credit is important to your company, you’re going to want to watch upcoming legislative activity very closely. The 2017 TCJA contained a provision that eliminates the ability to deduct R&D costs in the current tax year, effective in January 2022. Instead, companies will be required to amortize these costs over 5 to 15 years depending on where they fit in the new filing rules.

We are excited to introduce two new Clayton & McKervey Shareholders: Ben Smith and Dave Van Damme. As new members of the now 12-member ownership team, Smith and Van Damme will have the opportunity to expand their impact on the firm; building teams and practices which support their industry expertise, technical skills and passion.

For many manufacturers, there’s nothing worse than realizing your security has been breached. Whether it is ransomware, spyware, phishing, or an unintended data breach, manufacturing’s growing dependence on technology also leaves it vulnerable to technology-based attacks.