Every payroll run, your startup pays 6.2 percent employer Social Security tax and 1.45 percent Medicare tax on every engineer’s wages. On a $3 million engineering payroll, that’s roughly $230,000 a year going out the door — while your income tax bill is zero, because there are no profits to tax. Congress noticed the mismatch. […]
You’ve decided your business probably qualifies for the R&D tax credit. Maybe you took our quiz and scored as a strong candidate. Maybe your CPA mentioned it during tax planning. Maybe you’ve been reading about it for months and you’re finally ready to act. Now comes the harder question: who do you hire to prepare
How to Choose an R&D Tax Credit Firm: 7 Questions to Ask Before You Hire Read More »
The federal R&D tax credit gets most of the attention. But 37 states offer their own R&D credit programs — and they stack on top of the federal credit. A company with $2 million in qualifying research expenses could claim $120,000-$160,000 in federal credits plus an additional $30,000-$100,000+ in state credits, depending on where the
Apartment buildings and multifamily properties are some of the best candidates for cost segregation studies. They start with a shorter base depreciation schedule (27.5 years vs. 39 years for commercial), they contain a high density of reclassifiable components per unit, and the per-unit multiplier effect means even small items — a $200 garbage disposal across
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If your business has never claimed the R&D tax credit — or claimed it but underreported qualifying activities — you don’t have to wait until next year to start benefiting. The IRS allows you to amend prior-year tax returns to capture credits you missed. For most businesses, that means going back three years and recovering
Amended Returns and the R&D Credit: How to Claim Credits From Prior Years Read More »
Medical device and biotech companies are among the most R&D-intensive businesses in the economy. Every new drug candidate, implantable device, diagnostic platform, and biologic therapy involves years of research grounded in biology, chemistry, and engineering — with genuine technical uncertainty at every stage. The four-part test maps naturally to how life sciences companies actually work.
R&D Tax Credits for Medical Device and Biotech Companies Read More »
The Work Opportunity Tax Credit (WOTC) is one of the most underutilized employer tax incentives in the federal tax code — providing up to $9,600 per qualified employee for hiring individuals from specific targeted groups who face significant barriers to employment. For businesses that hire regularly, the credits can add up to tens of thousands
Work Opportunity Tax Credit (WOTC): A Hiring Incentive Most Businesses Overlook Read More »
Most businesses that qualify for the R&D tax credit have never claimed it — often because they assume “R&D” means white lab coats and billion-dollar budgets. It doesn’t. If your team solves technical problems, tests approaches, or builds things where the outcome wasn’t certain when they started, there’s a real chance you qualify. This quiz
Does Your Business Qualify for the R&D Tax Credit? Take the 60-Second Quiz Read More »
Aerospace and defense companies perform some of the most R&D-intensive work in the United States. Designing aircraft structures, developing avionics systems, engineering satellite components, testing propulsion systems, qualifying new materials — these activities are built on engineering uncertainty and systematic experimentation. The four-part test fits this industry naturally. But there’s a catch that’s unique to
R&D Tax Credits for Aerospace and Defense Contractors Read More »
If you’ve been researching ways to accelerate depreciation on commercial property, you’ve probably encountered “cost segregation” and “bonus depreciation” used almost interchangeably. They’re not the same thing — but they’re not competitors, either. They’re partners. Cost segregation identifies which assets qualify for shorter depreciation lives. Bonus depreciation lets you deduct those assets immediately instead of
Cost Segregation vs. Bonus Depreciation: Which Strategy Is Right for You? Read More »
