R&D Tax Credit Changes Benefit Small Businesses

Do you design, develop or improve products, processes, techniques, formulas, inventions or soft ware?  If your company has invested time, money and resources toward the advancement and improvement of its products and processes, then you may qualify for the R&D Tax Credit. 

The intent of the Sec. 41 research and development (R&D) credit is to give companies incentive to invest in innovation within the United States. The R&D credit is available to companies in a variety of industries that develop new or improved products or processes. Certain wages, supplies, and contract research costs

Taxes and Divorce

If you’re going through a divorce I don’t need to tell you it’s a significant emotional and financial event. The last thing you may have on your mind is how the breakup will affect your taxes. Most people think that their divorce attorney is going to take care of things. However if your divorce attorney does not have a tax background only basic thought will be given to the tax planning.