R&D Tax Credit

With a rumored solution for 174 amortizations, the R&D tax credit could put cash back into businesses’ pockets before the next deadline. ERC is coming to an end, but the new tax bill may cut off claims earlier than expected.

Corporate tax advisers are gearing up clients for 2024 tax code changes to research and development expenses, an election year that could determine the fate of some high-profile laws, and corporate minimum taxes, among other regulatory actions from the IRS and Treasury Department.

US businesses can take advantage of the R&D credit to onshore production & minimize the risks associated with long and complex supply chains

A cornerstone of U.S. tax policy (and for many other countries) has been to encourage and support research and development (R&D) in this country.