R&D tax credit Archives - Page 2 of 4

Companies Still Waiting on R&D Credit Renewal

Posted on August 17, 2015August 5, 2016 by Will Chang

In the 30+ years that the R&D tax credit has been around, it has only lapsed once. And yet, every other year taxpayers wait in anticipation for it to be extended as it moves at a snail's pace through our legislative system. Last month, the Senate Finance Committee advanced a bill that included the extension of the R&D tax credit in addition to some major changes. Unfortunately, as always t...
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Tax Extenders Bill Finds Bipartisan Support in Senate

Posted on July 28, 2015August 5, 2016 by Will Chang

Last Tuesday, the Senate Committee on Finance voted to approve semi-annual extensions of numerous popular business tax credits and deductions. In all, there were changes to 15 individual credits and deductions, one of which was the R&D tax credit. Luckily, the changes, currently awaiting approval of the House and ultimately the President, make the R&D tax credit an even better opportunity ...
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Life After Connecticut’s Reduction of State Research Credit

Posted on July 9, 2015August 5, 2016 by Will Chang

On June 3rd the Connecticut legislators passed a tax package that severely reduced the amount of state research credit being offered to companies from 70 percent to 50 percent. This comes along with other changes that includes a 15 year limit on utilization (the current limit on the federal credit is 20 years). Recently, Boehringer Ingelheim, a pharmaceutical company based in Germany, released an ...
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Washington Fails to Renew State Research Tax Credit

Posted on July 9, 2015October 1, 2015 by Alex Pak

When Washington's state research tax credit expired at the end of 2014, it felt as if renewal was just around the corner. After all, with more and more pressure from other nations offering better tax shelters and lower labor costs, "brain drain" was, is and will be one of the biggest obstacles to growth across a wide spectrum of industries. Lawmakers released the state budget on Monday and the cre...
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Case Study: Pharmaceutical Reserach

Posted on July 7, 2015October 1, 2015 by Alex Pak

Industry: Pharmaceuticals Commonly Qualifying Tasks: Formulation development/improvement & Review Laboratory testing Pre-Discovery/Drug Discovery Pre-clinical development Clinical trials Manufacturing process development Failed product/process development projects There are many facets of pharmaceutical research that would qualify for the research and development project ...
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