The federal R&D tax credit, formally known as the Credit for Increasing Research Activities under IRC Section 41, is one of the most powerful incentives available to U.S. businesses. And for food and beverage companies, the opportunity is frequently overlooked, and significantly underutilized. What Qualifies as R&D in Food & Beverage? The R&D tax credit […]
Read More
What Is the Section 174 Amortization Fix? The Section 174 amortization fix refers to proposed or enacted legislative changes to reverse a controversial tax policy change that took effect in 2022, requiring businesses to amortize, rather than immediately deduct, their research and experimental (R&E) expenditures over five years (15 years for foreign research). Prior to […]
Read More
The Research and Development (R&D) Tax Credit is one of the most valuable, and most consistently overlooked, tax incentives available to American businesses. Originally enacted to encourage domestic innovation, the credit has expanded significantly over the decades and now applies to a surprisingly broad range of industries and activities. Yet many eligible businesses either never […]
Read More
What Are R&D Tax Credits? The federal R&D tax credit, established under Section 41 of the Internal Revenue Code, allows businesses to claim a dollar-for-dollar credit on qualified research expenses. Unlike a deduction (which simply reduces taxable income) a tax credit reduces your actual tax liability. That distinction makes it one of the most valuable […]
Read MoreHave a question or need assistance? One of our team members will be in touch within the next business day.
