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Businesses in the state of Louisiana performing research and development activities qualify for a windfall of lucrative R&D tax credits. These credits are given to businesses on both state and federal levels to help promote continued development within the state as well as overall growth in the country. Most businesses may not know they can apply for these credits, however,

When it comes to research and development, few people think about their skin and the treatments necessary to care for it. However, research and development for skincare products, treatments and cures have significantly increased over the years due to heightened awareness of skin cancer and other skin diseases. A lot of dermatologists and companies may not know they can qualify

Green construction and the implementation of energy-efficient structures and systems in both federal and privately-owned buildings has seen massive increases over the years. The government has been encouraging this eco-friendly shift with incentives for commercial buildings that go green. In 2005, the Energy-Efficient Commercial Buildings Deduction (179D) was created to promote taxpayers to build, renovate and design with energy conservation

Insurance Companies Who Invest in Developing Their Technology to Improve Services for Agents, Customers and Other Associates May be Able to Take Advantage of Tax Credits Insurance companies have started to shift away from the traditional methods in which they provide customers and partners with insurance services. The main change has been the integration of technology in the insurance industry

Real Estate Investors Can Lower Their Property Income Tax  and Generate Direct Cash Flow by Taking Advantage of Certain Tax Tools When it comes to investing in property, many real estate investors who currently own, or who are looking to gain more property, often overlook an extremely beneficial and strategic tax tool that can help them save significantly on their

The Centennial State Offers Development and Research Tax Credits to Companies who put Resources into Growing Economically Distressed Areas Keeping up with competitive industry growth and navigating the fast-paced business world is a process that many companies have to stay on top of in order to be successful and provide value to the communities around them.  What countless companies don’t

Use these Tips and Strategies to Maximize your Deductions for 2020 and into the Future 1. Create a smart plan for paying taxes During turbulent times, preparation and planning are the keys to managing the stress on your business and staying financially solvent. The earlier you have a forecast of your business’s tax outlook, the better prepared you will be

The state of Maryland’s Research and Development Tax Credit Program will remain in effect until June 30, 2022 because of a recent tax extension made by the General Assembly. These R&D credits were created to encourage Maryland businesses to expand their development and research efforts to receive benefits from the state’s Department of Commerce. What are the Benefits of Maryland’s

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