Nine Research and Development Tax Credit Myths Costing You Money

Misconceptions about the federal research and development tax credit leave many companies paying more tax than required.

2021-04-22T15:13:04-04:00April 8, 2021|Categories: Tax: Business, Tax: Credits & Incentives|Tags: , |

Recent Tax Court Case Details Substantial Rights Related to R&D Credit

The case explains the IRS’ view of the requirements to establish substantial rights for work performed under contract for the R&D credit.

2021-03-08T10:25:59-05:00February 10, 2021|Categories: Tax: Credits & Incentives|Tags: , , |

IRS Extends Timeline to Invest in Qualified Opportunity Funds

Source: RSM US LLP.  PBMares is a member of RSM US Alliance.  Notice 2020-23 automatically extends the timeline for investing in a Qualified Opportunity Fund (QOF) in light of the COVID-19 public health emergency.

Proposed Coronavirus Emergency Leave: Impact on Employers

On Friday the House of Representatives passed H.R. 6201, the Families First Coronavirus Response Act.  The legislation will be voted on by the Senate this week.  This act has bi-partisan support and is expected to pass quickly.  Once enacted, this bill has implications for many of our clients.

News Update: Virginia Enterprise Zone Program (EZ) – New for 2019 and More Funding Available

The Virginia Enterprise Zone Program made a few changes for the 2019 grant year that may benefit Virginia companies IF they are located in an enterprise zone and installed solar panels in 2019.

2020-01-20T16:24:54-05:00January 13, 2020|Categories: Tax: Credits & Incentives|Tags: |

The Ins and Outs of Opportunity Zones

The Tax Cuts and Jobs Act has provided a host of new regulations aimed at spurring economic development. One of those provisions that has flown under the radar throughout 2018 is the newly established qualified opportunity zones (O-Zones). The Department of Treasury recently released the long-awaited proposed regulations that help provide a level of clarity to ease investor uncertainties.

2018-11-07T16:45:19-05:00November 2, 2018|Categories: Consulting, Tax: Credits & Incentives|Tags: , , |

It’s a Good Time to Do Business in the Shenandoah Valley

From a regional perspective, the Shenandoah Valley has a diverse economy made up of numerous industries and no one dominant company. As a result, the [...]

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