How Businesses Can Leverage R&D Tax Credits to Reduce Tax Liability in 2025
Research and development are critical for business growth and for national security, as businesses invest in innovation and keep the United States competitive in a global economy.
Recognizing this, the federal government offers tax incentives to businesses that invest in R&D. If your company invests in improvements in processes, products or software, you have an opportunity to reduce your tax liability every year. There is still time to claim the credit for the 2024 tax year.
Guide to R&D Expense Capitalization & Amortization
What is going on with Section 174 and the research expenses?
The uncertain rules around amortizing and capitalizing research expenses are creating significant planning challenges for businesses.
Top Industries That Qualify for R&D Tax Credits (And How to Maximize Benefits)
The R&D Tax Credit is a lucrative tax savings device for almost any business investing in research and development, regardless of its size, industry or the scope of its R&D. Many businesses make the mistake of failing to apply for the credit because they misunderstand what “research and development” means, envisioning scientists in white coats […]
Potential Tax Law Changes in the New Trump Administration
Republican domination of Congress, along with a Republican in the White House, likely means the constantly swinging pendulum of tax law is going to arc towards business tax cuts, possibly starting in 2025. The scope of these changes is unknown, in large part because normal Congressional rules require 60 votes for budget bills to pass […]
How to Document Your R&D Activities for a Successful Tax Credit Claim
If your business engages in any research and development to improve its processes, products or services, it likely qualifies for the federal R&D Tax Credit. This credit – not a deduction, but a dollar-for-dollar reduction in taxes. can create immediate cash flow by reducing current-year tax liability for a broad range of business activities in […]
Qualified Research Expenses: A Complete Guide
If your company is planning to claim the powerful R&D Tax Credit, which can funnel significant savings back into the business, you first need to know what qualified research expenses (QRE) make this claim possible. To start with, you must determine whether your business performs qualified research activities, that is, whether it fulfills the four-part […]
7 Essential Tax Planning Questions Every Small to Medium Business Owner Should Ask Their Tax Provider for Q1 2025
As Q1 2025 approaches, small and medium-sized business owners have a unique opportunity to strengthen their tax strategies for the new year. A strategic tax plan isn’t just about lowering the tax bill — it’s also about aligning tax savings with long-term business goals, reinvesting in growth, and positioning your business for success. To make […]
Overcoming the Challenges of Section 174 with NTG Mutual 174 Coverage
As businesses continue to invest in innovation through research and development (R&D), evolving tax laws are posing new challenges, particularly with the recent changes under Section 174 of the Tax Cuts and Jobs Act. These updates are forcing companies to rethink their financial strategies, especially when it comes to managing cash flow and maintaining tax […]
A Guide to R&D Tax Credits for IT Companies
In the ever-evolving field of information technology (IT), the drive for innovation is essential to maintaining a competitive edge. For IT companies engaged in developing new technologies or improving existing ones, Research and Development (R&D) tax credits offer a significant financial benefit. Understanding and leveraging these credits can provide substantial support to ongoing innovation efforts. […]
How NTG Mutual Section 174 Coverage is Solving Cash-Flow Issues for Businesses Claiming R&D Tax Credits
As tax regulations continue to evolve, businesses engaged in research and development (R&D) are facing new and complex challenges. The recent changes in the treatment of R&D expenses, especially under Section 174 of the Tax Cuts and Jobs Act of 2017, have created a significant financial strain for companies. Many are left wondering how to […]