R&D Tax Credit


A Home Run For U.S. Small Businesses!

A Home Run for U.S. Small Businesses! Congress recently enacted the “Protecting Americans from Tax Hikes (PATH) Act of 2015″ (P.L. 114-113, 12/18/2015).  Three significant taxpayer-friendly changes made in the tax law are Credit Permanency, Alternative Minimum Tax (AMT) and Payroll Taxes that small businesses should not overlook.  If your client is a taxpayer, you…

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Prime Tax Group Post Incentive

Update: The New and Improved R&D Tax Credit Explained

First enacted in 1981 the R&D tax credit was meant to be a temporary boost to a slowing U.S. economy.  Since being enacted, the credit has remained temporary and has even expired 16 times, each time being reinstated. From 1995 to 1996 the R&D tax credit lapsed before being temporarily reinstated in 1997. As of January 1,…

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