PPP, ERC, and R&D: Tips to Maximize Your Benefits
Posted by Bryan Powrozek and Jake Mouradian on October 19, 2021
Bryan Powrozek
For businesses and individuals adversely impacted by the COVID-19 pandemic, much needed financial relief was provided when the Consolidated Appropriations Act, 2021 (CAA) was passed last December. The CAA also addresses the interplay for businesses that intend to claim the ERC in addition to the Research and Development (R&D) tax credit.
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Potential R&D Tax Credit Changes Could Impact Your Business
Posted by Bryan Powrozek on September 22, 2021
Bryan Powrozek
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.
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Efficiency and Lower Costs: Is Industrial Automation the Solution?
Posted by Bryan Powrozek on June 16, 2021
Bryan Powrozek
Companies not only gain value through a workforce made more resilient by automation, but in the U.S. they are also eligible for the R&D tax credit, a generous part of the tax code that eases the costs of innovation.
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PPP Double Jeopardy: Loan Forgiveness and Tax Implications
Posted by Bryan Powrozek and Sarah Russell on October 20, 2020
Bryan Powrozek
Learn about the potential tax implications of PPP loan forgiveness and how this impacts companies who claim the R&D tax credit.
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Be on the Lookout for R&D Tax Credit Changes
Posted by Bryan Powrozek on December 29, 2019
Bryan Powrozek
As the end of another calendar year approaches many companies are beginning to shift their focus to year-end planning. As the dust continues to settle on the changes implemented under the Tax Cuts and Jobs Act (TCJA) most taxpayers have familiarized themselves with the new tax landscape.
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Industry 4.0: It’s Not Just for Manufacturers!
Posted by Bryan Powrozek on November 21, 2019
Bryan Powrozek
The term Industry 4.0 conjures up images of the high tech factories filled with connected robots performing work previously performed by people. However, the …
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