News & Blog

PPP and ERC

How Do the PPP and ERC Affect the R&D Tax Credit?

Like so many of the changes brought on by the COVID-19 pandemic, navigating financial relief packages has become a long-term challenge. From the original versions of the Paycheck Protection Program (PPP) and Employee Retention Credit (ERC) to the provisions established by the Consolidated Appropriations Act (CAA), relief funding alone can be complex. When you add other variables like Research and

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R&D Tax

R&D Costs and TCJA: Will the New Provision Increase Your Tax Burden?

Starting this year, the Research and Development (R&D) tax credit will undergo a significant change — and it may come as an unpleasant surprise for participating businesses. Historically, businesses could either deduct eligible R&D expenses from their taxable income for the filing year, or they could amortize their qualifying R&D expenses. However, the Tax Cuts and Jobs Act (TCJA) of

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IRS Destroyed Tax Returns

New Report Show the IRS Destroyed 30M of Unprocessed Paper Tax Returns

In April and March of 2020, the International Revenue Service temporarily closed its Tax Processing Centers in response to the COVID pandemic. Since reopening the centers in June of 2020, the IRS faced an unexpected hurdle, the inability to process the backlog of paper-filed tax returns from individual and business tax returns. A problem that remains to this day.   

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Home Upgrades

Pros and Cons of PACE: Financing for Upgrades

Energy-efficient upgrades always seem like a good idea — they’re better for the environment and better for your energy bills — but the upfront cost of putting those upgrades in place can leave businesses in limbo. Saving up for costly renovations can take years, but your energy bills remain high in the meantime. Many property owners find themselves seeking a

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Reconstruction

Should You Do a Cost Segregation Study Before or After a Reconstruction?

For commercial property owners, a cost segregation study is a powerful tool to minimize your tax burden — yet it is often overlooked and underutilized. At National Tax Group, it is one of our most lucrative tax savings techniques, allowing us to save our clients millions of dollars.    Business owners tend to miss out on the benefits of cost

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Energy Efficient Property Improvements

How To: Property Improvements through Government Programs

As commercial energy costs rise across the United States, businesses are finding more reasons than ever to go green. According to the Consumer Energy Alliance (CEA), business-related energy costs will rise by at least $41.4 billion in 2022. Many businesses have turned to energy-saving upgrades as a solution — but did you know you can also save money on your

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2021 tax returns

How the IRS Backlog Could Affect Your 2021 Tax Return

Under normal circumstances, tax season can be stressful, to say the least. This season, with its backlog of tax returns, changes to the tax code, and new deduction opportunities to explore, could prove to be the most challenging season yet — but also the most rewarding.   As your go-to national tax experts, the team at National Tax Group is

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Small Business Owner

Does Your Small Business Qualify for the R&D Tax Credit?

Are you a small business filing taxes for the first time? Or maybe you are a small business with a tight budget that might need some more support. The Research and Development (R&D) tax credit may be the answer you are looking for. No longer is the R&D tax credit just for lab coats and large corporations. A 2015 provision

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PACE Program

How to Qualify for the PACE Program

Are you a property owner who is interested in the Property Assessed Clean Energy (PACE) program? While this program has been widely popularized through states across the country, this clean energy program helps finance environmentally conscious constructions. Our experts at National Tax Group want to help. Here is our guide on how to qualify for PACE.  How Does the PACE

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R&D tax credit

7 Common Questions About the R&D Tax Credit

The U.S. Research and Development (R&D) Tax Credit was created in 1981 as an incentive for businesses to take risks and undergo research activities to develop and improve their products, processes, or software. Through the Economic Recovery Act of 1981, the R&D tax credit offers reimbursement for business activities and resources that were utilized during research.    Navigating and understanding

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