by KPT Consulting | Mar 28, 2023 | Tax Credits
Changes enacted under the 2017 Tax Cuts and Jobs act are now fully in effect for tax years beginning after December 31, 2021. One of the key changes, along with required amortization of research and experimentation expenses, were changes to the 280C election....
by KPT Consulting | Mar 17, 2023 | Manufacturing, Tax Credits
Research and development (R&D) is a crucial component of the manufacturing industry. It allows companies to develop innovative products, streamline processes, and improve their overall efficiency. However, R&D can also be an expensive and risky endeavor, which...
by KPT Consulting | Feb 20, 2023 | Tax Credits, Technology
In today’s competitive market, R&D tax credits are becoming progressively important. The tax credits provide a financial incentive for companies, and are beneficial to businesses of all sizes, from startups to well-established multinational firms. Why is the...
by KPT Consulting | Feb 15, 2023 | Cost Segregation, Tax Credits
Cost segregation study is a tax strategy that enables real estate property owners to reclassify certain building components as personal property, which has a shorter depreciation life than real property. This process enables property owners to accelerate the...
by KPT Consulting | Feb 13, 2023 | Architecture, Construction, Tax Credits
The Research and Development (R&D) tax credit is a valuable opportunity for construction companies to receive a tax reduction in exchange for investing in innovation and progress. If your company is involved in developing new or improved construction methods,...
