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We’re committed to relieving the tax burdens of businesses, individuals, and families. With a careful assessment of your situation, our tax professionals develop a uniquely customized strategy for your tax planning needs with the objective of minimizing your tax liability. 


May 13, 2019


The Protecting Americans from Tax Hikes (PATH) Act of 2015 made the research and development tax credit permanent, and presented a new savings opportunity to businesses with $50 million or less in gross receipts by allowing these entities to offset the R&D credit against the alternative minimum tax. The changes even allow certain small businesses under $5 million in gross receipts to offset the R&D tax credit against payroll taxes.

The credit provides nearly $10 billion a year in tax savings, but small and medium size businesses are still not taking advantage of the credit while businesses like Amazon greatly reduce or eliminate their tax liability altogether. A common theme among these businesses is that they don't believe they qualify for the credit. To analyze whether your business should look more closely at the credit, start with a couple of simple questions. Does my company make something? Is the product made the exact same way? There is more to it, but these two questions can serve as a baseline for deciding to take advantage of this credit. 

Once you've determined that your business qualifies for the R&D credit, let us do the heavy lifting. Contact us in one of our many locations to discuss tax strategies to help your business.

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