Press Release: KBKG Launches New Payroll Tax Credit Estimator for Small Businesses & Start-Ups

05/18/2017News, R&D, Recent News

Pasadena, California, May 16, 2017 – KBKG, a nationwide tax services firm headquartered in Pasadena, California, recently launched a free calculator to help early-stage businesses save up to $250,000 in payroll tax. The Research and Development Tax Credit is now permanent, and its benefits extend to small businesses and start-ups who were previously unable to … Read More

KBKG Tax Insight: R&D Tax Credits Payroll Tax Offset – Interim Guidance Notice 2017-23

04/24/2017News, R&D, Recent News, Tax Insight

The Treasury Department and Internal Revenue Service (IRS) released interim guidance surrounding the payroll tax credit election available to certain small businesses under Section 41(h) of the Internal Revenue Code (IRC). The addition of the payroll tax offset was introduced as part of the Protecting Americans from Tax Hikes (“PATH”) act of 2015. Notice 2017-23 … Read More

KBKG Tax Insight: IRS Issues Final Regulations Surrounding the Qualification of Internal Use Software towards the R&D Tax Credit

10/04/2016News, R&D, Tax Insight

On October 4, 2016, the Internal Revenue Service issued final regulations which provide guidance on the qualification of internal use software (“IUS”) for purposes of the Section 41 Credit for Increasing Research Activities. The final regulations (TD 9786) address many of the comments received regarding the proposed regulations that were released in January of 2015. … Read More

Research Tax Credit Opportunities for Architects and Engineers

05/17/2016News, R&D, Recent News, Tax Insight

Architecture and engineering firms may want to take another look at the often forgotten Research & Development (R&D) Tax Credit. Many may be eligible for federal and state research credits without realizing it. Historically, the R&D Tax Credit was geared to only benefit large companies; mostly in the manufacturing, software, high-tech and pharmaceutical industries. However, … Read More

R&D Tax Credit Expanded for Small & Midsize Businesses

12/18/2015R&D, Tax Insight

Congress is spreading some cheer this holiday season in the form of tax breaks for both businesses and individuals. The Protecting Americans from Tax Hikes (“PATH”) Act of 2015 was passed by both the House and the Senate and is a groundbreaking $650 billion tax extender bill aimed at providing taxpayers certainty and opportunity into … Read More

R&D Tax Credit for the Food & Beverage Industry

06/08/2015News, R&D, Recent News, Tax Insight

With the challenge of feeding an ever growing population, food & beverage companies in the United States are forced to increase their research and development efforts to meet demand. In addition to providing more options, food and beverage manufacturers are fighting to keep up with trends in the market place which include the reduction in … Read More