In July 2018, the state enacted Assembly Bill 4202 which amended the R&D tax credit to allow using a new calculation method. For tax years beginning in 2018, New Jersey corporations now have the ...

The R&D tax credit is a 20% credit for incremental expenses incurred in domestic research and development activities. This credit benefits various businesses, but the vast majority of R&D claims at ...

In July, the IRS wrapped up its annual Dirty Dozen scams list, designed to warn taxpayers against abusive tax promotions. One practice mentioned is the improper claiming of business credits, ...

There are two types of tax incentives: deductions and credits. As tax advisers, we always prefer credits. In most cases, they offset income tax liability dollar for dollar, whereas deductions only ...

Sometimes the Internal Revenue Code giveth more than it taketh. Section No. 41 of the Code — creates the Research and Development tax credit, “R & D Credit” for short — is designed to be your tax pal.

On June 14, 2025, Minnesota Governor Tim Walz signed H.F. 9 into law, modifying the state’s R&D Tax Credit to make a portion refundable for the first time. The R&D Tax Credit, officially known as the ...

For contract manufacturers, especially those working with metals or plastics, now is the time to explore a potentially highly profitable opportunity: the Research and Development (R&D) Tax Credit.

The Protecting Americans From Tax Hikes Act of 2015 (PATH Act), P.L. 114-113, contained several provisions favorable to taxpayers that incur qualified research and development (R&D) expenditures.

Your business doesn't have to be involved in the latest technological breakthrough to take advantage of the research and development, or R&D, tax credit. If you're working on ways to improve your ...