by KPT Consulting | Feb 9, 2023 | Tax Credits
General Overview & Estimated Payment Impact: As of 1/1/2022, a key provision of the Tax Cuts and Jobs Act (TCJA) went into effect. Taxpayers are no longer able to deduct research and experimentation (R&E) expenses under Section 174. Previously, taxpayers...
by KPT Consulting | Nov 2, 2022 | Tax Credits
Starting in 2022, taxpayers and tax preparers will need to be aware of important changes to the Research and Development Tax Credit (R&D Credit) documentation and filing process. Three major changes include new information required to file the R&D credit under...
by KPT Consulting | Jul 28, 2022 | Technology
Nowadays, more companies are investing in the development of innovative services and transforming their businesses by implementing technology like automation, artificial intelligence, and machine learning. Fortunately, the federal-state government provides research...
by KPT Consulting | Jul 18, 2022 | Electronics, Tax Credits
Electronics is one of the largest industries in the world and activities conducted within the industry rely heavily on research and development. To develop innovative projects, companies in the electronics sector must frequently overcome technological challenges and...
by KPT Consulting | Jul 11, 2022 | Bank & Insurance, Tax Credits
It may not seem like it, but many companies in the financial industry are prime for research and development opportunities. Bank and Insurance companies are most likely spending extensively on technology that qualifies for the R&D tax credit but are hesitant to...
