As disappointing news continues this summer regarding Covid-19 cases, the impact is still felt by small businesses by way of ongoing business interruptions, supply chain delays and staffing issues. A bit of good news does exist: Small businesses (those with fewer than 500 employees) should be aware that President Biden’s…

The R&D tax credit is accessible to more small businesses, and it can be a valuable way to manage expenses for innovative research. However, US Tax Court cases in recent years have revealed some weaknesses in corporate due diligence to support eligibility for the credit. Companies should not be afraid…

When speaking to clients about ways to manage tax credits, we often have to answer this question: “Does the R&D Tax Credit apply to me?” It depends. And it really depends in the area of software development or engineering improvements. Companies can overlook thousands of dollars in unrealized credits at…