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tax credits

Research Credit Awaits Renewal

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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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Case Study: Apparel Manufacturing

Rolls of brightly coloured fabrics and cloths in a London market. Canon 1Ds Mark 2 file
Industry: Luxury Clothing & Fashion Accessories Number of Employees: 500+ Commonly Qualifying Tasks: Design and develop new materials to increase the performance/functionality of the products Develop new techniques to treat/process the leathers, woven, knit or non-woven textiles Design new garment and apparel products to improve functionality, performance, etc. Create prototype...
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Case Study: Steel Manufacturing

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Industry: Steel Pipe Manufacturing Number of Employees: 100+ Commonly Qualifying Tasks: Engineering and designing new products Materials analysis, evaluation and selection Physical and chemical properties testing Designing products for better performance, tensile strength and optimal elemental composition Development of customized capital equipment A steel manufacturing firm w...
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