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...
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...
