Overcoming the Challenges of Section 174 with NTG Mutual 174 Coverage
Navigate Section 174 challenges with NTG Mutual’s 174 Coverage. Discover solutions for managing R&D expenses effectively under new regulations.
A Guide to R&D Tax Credits for IT Companies
Learn how IT companies can leverage R&D tax credits. Understand eligibility, qualifying activities, and tips to optimize your claims and boost business growth.
How NTG Mutual Section 174 Coverage is Solving Cash-Flow Issues for Businesses Claiming R&D Tax Credits
Learn how NTG Mutual’s Section 174 coverage addresses cash-flow challenges faced by businesses claiming R&D tax credits, ensuring smooth financial management.
10 Tips to successfully claim the R&D Tax Credit in 2024
Discover 10 essential tips for successfully claiming the R&D tax credit in 2024. Maximize your savings and ensure compliance with expert guidance.
Update on Uncertainty: The Future of the R&D Credit
In a pivotal moment early last month, the Senate blocked bipartisan legislation that aimed to restore and expand key business tax provisions, including the vital research and development (R&D) tax credit. This vote has left American businesses in a precarious position, as the tax package also sought to address bonus depreciation and interest expense limitations. […]
Unleashing the Power of R&D Tax Credits for Manufacturing Businesses
As a manufacturing business leader, you’re constantly striving to stay ahead of the competition and drive innovation. But are you fully leveraging one of the most powerful financial tools at your disposal? The Research and Development (R&D) Tax Credit is a game-changer that can significantly boost your bottom line, yet it’s often overlooked. Let’s dive into how this underutilized incentive can fuel your company’s growth and innovation, and why you need to act now to maximize your benefits.
Leveraging the R&D Tax Credit in 2024
The Tax Relief for American Families and Workers Act presents significant opportunities for businesses, particularly those involved in research and development (R&D), to enhance competitiveness and drive innovation. By allowing immediate deductions for R&D investments, restoring full expensing for critical assets, increasing write-off thresholds for small businesses, and addressing various business-related expenses, the act aims to stimulate economic growth and job creation.
Revisions to Form 6765 R&D Credit
On September 15, the Internal Revenue Service shared proposed revisions to Form 6765, “Credit for Increasing Research Activities,” requesting stakeholder comments by October 31. These modifications might result in significant changes to the R&D Tax Credit from 2024 onwards, adding to the hardship faced by taxpayers filing to claim the federal credit. The agency […]
Leveraging R&D Credit For Small Businesses
Is your company attempting to improve current goods, processes, or software? Do you create new goods and processes as part of your regular operations? Have you modified, integrated, or produced goods based on customer specifications? The Research and Development Tax Credit may effectively reduce taxable income while providing immediate support for future discoveries. It remains […]
IRS Provides Clarity on 2024 R&D Tax Credit
In 2024, tax experts will face the difficult challenge of projecting future tax liabilities during an uncertain period. Some of the biggest concerns stem from the Tax Cuts and Jobs Act’s triad of business provisions and their future. The end of 2025 is when bonus depreciation, amortization of R&D expenses, and the cap on […]