US Research Credit is Now Permanent Read more Notes about the minimum wage, 1960 to 2019
Bill passage allows for Research Credit to become Permanent After passage by the Senate on Friday, December 18th, the President signed into law both a new federal budget, as well as a second bill providing for the extension of a long list of expiring tax provisions. The largest of these was the Section 41 Research […]
Read more The Massachusetts Research Credit just got a lot more valuable, and so did the federal credit!
The minimum wage in 1960 was $1.00 per hour, or $2,080 per year for a forty-hour per week job. According to the Social Security Administration (SSA), which tracks this data, the average annual wages for a full-time forty hour per week job at that time across all sectors was approximately $4,000, or about twice the […]
Read more Happy 25 Years in the Business!
A variety of states offer financial incentives in the form of tax credits to attract and retain higher paying jobs in manufacturing, science and technology. Beginning with the 2018 filing year, the Massachusetts credit has been increased significantly for taxpayers who qualify. For many years, the credit was limited to a maximum of five percent […]
Read more Are Wealth Taxes a Good Idea?
On February 28, 2019, Otto celebrated his 25th anniversary in this field. On that date in 1994, Otto began an apprenticeship under Mr. Nigel Harvey, who is one of the most outstanding practitioners in the area of tax consulting. Ever since, Otto has worked hard to support technological competitiveness in North America. In honor of […]
Read more It is time to Write to Your Congressperson and Senators! The Shutdown Costs Money for All of Us!
Massachusetts Senator Elizabeth Warren has suggested the implementation of a “Wealth Tax”. Many people are wondering what that means, and whether such a plan is a good idea. Here is some information about the issue as well as a few notes about our take on this approach.
Read more Research Tax Credit Eligibility Improving Under New Rules
Welcome to the new filing season! The government shutdown is affecting many parts of the administration, including the Internal Revenue Service, which is currently unable to accept new returns, process refunds, update desperately needed changes to the forms as required by law, nor to answer questions from taxpayers. This shutdown hurts everyone, most of all […]
Read more Join us for the 2018 GBMP Annual Northeast LEAN Conference!
The federal Research Credit has been helping manufacturers, software companies and others to keep engineering and manufacturing jobs here in the United States since its inception in 1981. However, it has long had limitations that prevented some taxpayers from gaining the benefits that were intended. For example, those in loss positions or who were subject […]
Read more Can Farmers Take Advantage of R&D Tax Credits?
Join us for the 2018 GBMP Annual Northeast LEAN Conference. This year’s conference will be held Wednesday and Thursday October 10th and 11th at the RI Convention Center in Providence, RI. The Northeast LEAN Conference was created by the non-profit Greater Boston Manufacturing Partnership (GBMP) to provide services, information and inspiration to Lean practitioners – […]
Read more Upcoming Seminar: Federal & State R&D Credits 6/4
Farms and farmers often feel the squeeze when it comes to cost. Farmers are some of the hardest working Americans who often get left out when tax bills are changed or amended. Many farmers are receiving smaller farm bills, and funds are constrained. Is there any reprieve for farmers in research and development (R&D) tax […]
Read more When Fairy Tales and Tax Law Collide
FEDERAL & STATE R & D CREDITS is a ½ day seminar (4 credits) led by Otto Kunz, CPA, EA, MBA, and founder of Tax Credit Advisors, LLC. Topics include the significant changes to the Federal R&D program enacted into law in December, 2015 and earlier in the year. An important 2016 change to the […]
Once upon a time, manufacturing companies in the US got a tax deduction for exporting their manufactured goods to other countries. This was good because wages in America are high compared to other countries. The WTO (World Trade Organization) decided that this policy wasn’t fair to manufacturers in other countries, and so the rules were […]