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With many architectural firms expanding their research and development efforts nationwide, architects may not be taking full advantage of the research and development (R&D) tax credits they can potentially apply for. Misconceptions generally surround how these credits apply, what activities or projects qualify, why they qualify and how much credit they will get in return for their development initiatives. Background

President Donald Trump signed the COVID relief bill and fiscal year 2021 omnibus spending package on December 27th, 2020 which contained two tax incentives that benefit architects, engineering firms, commercial building owners, and construction firms. The Section 179D commercial property energy efficiency deduction, set to expire at then end of 2020, was made permanent and is eligible for improvements meeting

Our sources report that with the expected passage of the COVID relief bill and fiscal year 2021 omnibus spending package, two key incentives will receive extensions as part of the package. The Internal Revenue Code (IRC) Section 179D commercial property energy efficiency deduction, which is used for multifamily housing energy efficiency upgrades, will be made permanent and is eligible for

With the year coming to a close, so is Congress’ time to pass extensions to a number of business-critical tax incentives. With the upcoming $900 billion COVID aid package, $1.4 Trillion omnibus spending bill, and reams of other unfinished legislation on taxes, congress looks to be taking care of it. An extension of expiring tax breaks, including lower excise taxes

Tax Extensions Critical to Helping Businesses During Financially Challenging Times With 2020 being one of the most turbulent years on record, businesses are looking to congress for any help they can provide. The CARES Act of 2020 which included the Paycheck Protection Program was a lifesaver for many businesses, but there are still many challenges ahead. With deadlines approaching for

This year, many companies submitted their tax returns – not knowing their everyday activities qualify as research and development initiatives, entitling the company to the lucrative R&D tax credit. National Tax Group assists businesses of all sizes, helping them navigate the legal language of the tax code to maximize R&D tax credits, even if they already submitted their return. If your company has been actively involved in research and development activities, give us a call today. We can help you receive the R&D tax credit you may have missed out on

The current Congress may have some work to do in its remaining days before the transition is complete. This year’s closing session in Congress will be one of the busiest in recent years. One of the big-ticket items to be decided is whether to extend various tax provisions that are set to expire as 2020 ends. One legislative possibility to

This year, many companies submitted their tax returns – not knowing their everyday activities qualify as research and development initiatives, entitling the company to the lucrative R&D tax credit. National Tax Group assists businesses of all sizes, helping them navigate the legal language of the tax code to maximize R&D tax credits, even if they already submitted their return. If your company has been actively involved in research and development activities, give us a call today. We can help you receive the R&D tax credit you may have missed out on

This year, many companies submitted their tax returns – not knowing their everyday activities qualify as research and development initiatives, entitling the company to the lucrative R&D tax credit. National Tax Group assists businesses of all sizes, helping them navigate the legal language of the tax code to maximize R&D tax credits, even if they already submitted their return. If your company has been actively involved in research and development activities, give us a call today. We can help you receive the R&D tax credit you may have missed out on

This year, many companies submitted their tax returns – not knowing their everyday activities qualify as research and development initiatives, entitling the company to the lucrative R&D tax credit. National Tax Group assists businesses of all sizes, helping them navigate the legal language of the tax code to maximize R&D tax credits, even if they already submitted their return. If your company has been actively involved in research and development activities, give us a call today. We can help you receive the R&D tax credit you may have missed out on