Cost Segregation and Tax Reform: Qualified Improvement Property
The 2017 Tax Cuts and Jobs Act (TCJA) made changes to qualified property definitions and the application of bonus depreciation that, for the most part, were regarded as positive.
One anticipated modification was elimination of the qualified leasehold improvement, restaurant property..
Leveraging R&D Credits as a Food & Beverage Company
One of the common misconceptions surrounding the R&D tax credit is that participants must wear lab coats and use test tubes in order to qualify for it.
This could not be further from the truth – the definition of R&D for tax credit purposes is actually fairly broad.
2018 Year-End Tax Update
WEBCAST | Tax
The 2018 tax year was packed with significant developments. Join our tax experts to learn about the key changes made to individual income tax, domestic and international business tax, and the transfer tax landscape.
Use and Maximization of Tax Credits
When a taxpayer, or their accountant, evaluates their tax standing, an important piece to consider is the use and maximization of tax credits. Every year new tax credits are added and existing credits are modified or removed entirely. Some credits are meant to encourage particular activities
Exciting Changes Increase Access To R&D Tax Credits
One of the common misconceptions surrounding the R&D tax credit is that participants must wear lab coats and use test tubes in order to qualify. This could not be further from the truth - the definition of R&D for tax credit purposes is actually fairly broad. Companies are able to qualify activities from the development of concepts to the point...
Leveraging R&D Credits as a Food & Beverage Company
his could not be further from the truth – the definition of R&D for tax credit purposes is actually fairly broad. Companies are able to qualify activities beginning with the development of concepts, through the point where a product, process, formula, or other business component is ready to be commercially released.