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,...
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...
