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research credit

Research Credit Awaits Renewal

The research credit is still not a part of the permanent tax code and as such, taxpayers are still anxiously awaiting Congressional approval amid an IRS warning that further delays could result in problems as filing deadlines quickly approach. Based on the projected budget for the package of 50+ tax breaks for taxpayers, the research credit (a.k.a. the Credit for Increasing Research Activities) ha...
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Tax Extenders Bill Finds Bipartisan Support in Senate

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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Case Study: Pharmaceutical Reserach

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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Case Study: Alcohol Distillation

Industry: Alcohol Distillation Number of Employees: 20+ Commonly Qualifying Tasks: Development of custom distillation equipment Development of distillation process Development of new flavor profiles and associated production processes Development of techniques for organic fruit infusion A growing alcohol distillation facility located in California was looking to claim the R&...
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Case Study: Structural Engineering

Industry: Structural Engineering Number of Employees: 50+ Commonly Qualifying Tasks: Conceptual development & requirements definition Technical proposal time Value engineering Structural calculations 3D and BIM modeling and simulation Developing alternative engineering solutions Development of detailed design drawings A structural engineering firm was evaluating their ...
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