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 […]
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 […]
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 […]
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. […]
10 Tips to successfully claim the R&D Tax Credit in 2024
Research and Development (R&D) tax credit is a valuable financial incentive for businesses engaged in innovative projects. In the United States, these credits encourage companies to invest in R&D by offering substantial tax savings. However, navigating the complexities of the R&D tax credit claim process can be challenging. To maximize your claim and ensure a […]
Update on Uncertainty: The Future of the R&D Credit
In a pivotal moment early last month, the Senate blocked bipartisan legislation that aimed to restore and expand key business tax provisions, including the vital research and development (R&D) tax credit. This vote has left American businesses in a precarious position, as the tax package also sought to address bonus depreciation and interest expense limitations. […]
Unleashing the Power of R&D Tax Credits for Manufacturing Businesses
As a manufacturing business leader, you’re constantly striving to stay ahead of the competition and drive innovation. But are you fully leveraging one of the most powerful financial tools at your disposal? The Research and Development (R&D) Tax Credit is a game-changer that can significantly boost your bottom line, yet it’s often overlooked. Let’s dive […]
Leveraging the R&D Tax Credit in 2024
The Tax Relief for American Families and Workers Act presents significant opportunities for businesses, particularly those involved in research and development (R&D), to enhance competitiveness and drive innovation. By allowing immediate deductions for R&D investments, restoring full expensing for critical assets, increasing write-off thresholds for small businesses, and addressing various business-related expenses, the act aims to stimulate economic growth and job creation.