Tag: Research and Development Tax Credit
ICS Tax LLC Outlines The Importance of Integrity Within the Tax Consulting Industry
eNewsChannels NEWS: -- Choosing a tax consulting firm as a trusted advisor is an exceptionally important decision for both businesses needing such services as well as accounting firms who refer them to their clients, says ICS Tax, LLC.
IRS Mandates Additional Requirements for Research and Development Tax Credit Refund Claims in 2022 says ICS Tax, LLC
eNewsChannels NEWS: -- In 2007, the IRS made the Research & Development (R&D) tax credit a Tier 1 issue, says ICS Tax, LLC (ICS). Tier 1 issues were those of high strategic importance that had a significant impact on one or more industries, essentially meaning that the IRS would audit taxpayers filing amended returns on such issues. To taxpayers' relief, the Tiered Issue Process was eliminated in 2012, effectively placing the R&D tax credit in the same audit pool as other issues.
The Research and Development Tax Credit can save the craft brewing industry tax dollars, says ICS Tax, LLC
eNewsChannels NEWS: -- While the trendy term "Microbrewery" may have been the proper terminology for new craft beer breweries and startups, they no longer remain "micro" in revenue, says ICS Tax, LLC (ICS). Growth in the craft beer industry in the U.S. has steadily grown to almost $30 billion.
