The R&D Four-Part Test Cheat Sheet

By |2019-09-27T14:17:15-06:00August 21st, 2019|R&D Credit|

Do your projects qualify for the R&D Tax Credit? Checking off each section of the Four-Part Test qualifies your projects as "Qualified Research Activities." Check out our blog post The R&D Four-Part Test for a deeper dive.  Alternatively, check out the below "cheat sheet" for what The Four-Part Test entails. FREE: R&D CREDIT RESOURCES

How to Fill Out Form 6765 (R&D Tax Credit)

By |2019-08-15T07:39:56-06:00July 31st, 2019|Uncategorized|

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

What Does Nexus Have to Do With the R&D Tax Credit?

By |2019-09-27T14:27:13-06:00July 3rd, 2019|R&D Credit|

What is Nexus? Sounds like a nerdy scientific term, right? Well, it’s more like a nerdy tax term that is a major component of accurately claiming the R&D Tax Credit. For the research credit, Nexus is defined as the process of providing documentation between Qualified Research Activities (QRAs), also known as a R&D Business Components

The R&D Four-Part Test

By |2019-09-30T15:10:17-06:00May 28th, 2019|R&D Credit|

Did you know the R&D Tax Credit was originally for those experimenting in white lab coats? While many think that this still stands true today, the R&D Tax Credit has evolved throughout the years to include more than just nerdy laboratory scientists! The most common industries that qualify for the R&D Tax Credit include manufacturing

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

By |2019-09-30T15:05:15-06:00February 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 |2019-09-30T15:06:51-06:00February 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 |2019-09-27T14:22:28-06:00January 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

How to Make Your R&D Tax Credit Defensible

By |2019-09-27T14:23:09-06:00March 25th, 2018|R&D Credit|

Below are helpful tips to implement in order to make your R&D Tax Credit Calculation "bulletproof."  If your company relies on the hard sciences or uses technology to create or improve products or processes, you may be engaging in qualified R&D activities and be eligible for the Research & Development Tax Credit. Here's an excerpt from an IRS Field

Time Management Tips for CPAs

By |2019-01-16T10:12:29-07:00January 11th, 2018|News|

It's important that CPA's manage their time wisely in order to be most effective. Below are a few tips if you are striving to be a more efficient CPA. Prioritize. One technique time-management coach and author Elizabeth Saunders recommended is to set priorities after creating a comprehensive list of all the work on your plate.

Millennials Now Make Up Largest Workforce Generation in US

By |2019-09-27T14:26:59-06:00January 8th, 2018|News|

Millennials are now the largest workforce generation in the U.S., and almost half of them work in business and professional services while a third are in financial activities, according to a new Paychex survey geared toward small businesses. But this generation, born between 1981 and 1997, functions differently from older ones. And, as accounting firms search for

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