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Calculating tax credit

What Rising Demand for New Hampshire’s R&D Tax Credit Means for You

An increase in demand for R&D tax credits has taken New Hampshire by storm. Governor Chris Sununu recognized 2020 as a historic high in the volume of R&D credit business applications — resulting in a whopping 276 recipients. However, the rising demand for this tax credit has resulted in a smaller share for businesses. This year, the number of businesses

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Cannabis plants growing in greenhouse

Indoor Growth Systems Create Financial Opportunities For Medical Marijuana Companies

Since it has entered the global market, the medical marijuana industry has continued to experience rapid growth. As state laws begin to adjust based on the legalization of both medical and recreational marijuana, companies are now finding themselves in unique positions to start exploring research and development for marijuana products and indoor growth systems.   One of the main research

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Two Male Mechanics Working on a Car in the Car Service Garage

Automotive Companies Helping To Accelerate Growth Within Their Industry Can Earn Game Changing Tax Credits

Over the past few years, the automotive industry has seen massive growth when it comes to manufacturing vehicles, car parts, paints, and the processes used to design them. With the emergence of electric cars, increased safety features in vehicles, added environmentally friendly components, and more, companies within the automotive industry can earn research and development tax credits now more than

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Hartford, Connecticut's tax laws

Changes in Connecticut’s Tax Laws Gives Businesses More Opportunities To Leverage R&D Tax Credits

Recent changes to Connecticut’s tax laws have been set in place after Governor Lamont signed the state’s budget legislation into law on June 23, 2021. One of the most important tax changes centers around the state’s research and development tax credits.   These tax credits are given to businesses by the state for performing research and development to help develop

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