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About Mary Hitchcock

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So far Mary Hitchcock has created 5 blog entries.

A Deeper Dive into Qualified Research Expenses (R&D Tax Credit)

By |2019-06-06T13:24:14-06:00February 8th, 2019|Uncategorized|

The Research and Development (R&D) Tax Credit is comprised of three main categories of cost that can qualify for the credit. The three categories, formally known as “Qualified Research Expenses (QREs),” include wages, supplies, and contractors. QUALIFIED LABOR Qualified Labor is the portion of the company’s total labor expense (summed up on the Form W3)

What Determines a Qualified Research Activity?

By |2019-06-06T13:25:03-06:00February 8th, 2019|Uncategorized|

The R&D Tax Credit is an incentive to protect American jobs by rewarding companies who are constantly striving for the “next best thing” here in the U.S. From startups to mid-sized businesses to Fortune 500s, this tax credit is for those who innovate, create, and problem solves with American ingenuity. Form 6765 is often overlooked

How Do I Calculate the (RD) Research Credit?

By |2019-06-06T12:28:20-06:00January 14th, 2019|R&D Credit|

To calculate the R&D Tax Credit, you need to complete IRS Form 6765 and include it as a part of your company's tax return.  The challenge is, your CPA can't do it without YOUR help - you need to give him/her your total Qualified Research Expenses (QREs). In addition, the Form can be a little