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tax credit

R&D Tax Credit Becomes Permanent

The end of last week marked an important milestone in the history of the R&D tax credit. On Thursday, the 17th of December, the Tax Extenders bill was approved by Congress after which it made its rounds to the Senate and ultimately to the desk of the President. With the approval of the bill came several huge changes to the R&D credit, all of which are very favorable for taxpayers. The firs...
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Life After Connecticut’s Reduction of State Research Credit

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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Case Study: Visual Effects

Industry: Post Production Number of Employees: 500+ Commonly Qualifying Tasks: 3D visual effects development Software programming Animatronics Morphing (Time / Visual) Particle graphics creation Mechanical engineering and custom component fabrication Hardware development A post production studio that specializes extremely complex and visually rich rendered video conducted ...
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Case Study: Injection Molding & Specialty Design

Industry: Plastic Injection Molded Components Number of Employees: 400+ Commonly Qualifying Tasks: Product and process design & engineering Evaluate feasibility and manufacturability of the product designs Determine the proper fixturing and tooling for new products Design new tools and fixturing to machine and inspect unique shape parts Perform first article trial run and fir...
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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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