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Big R&D Tax Credit News for Minnesota Companies

Big R&D Tax Credit News for Minnesota Companies: Federal Credit Extended AND Minnesota Taxpayers Don’t Need Tax Liability to Get Cash Back!

As they have done consistently since 1981, Congress passed legislation as part of the American Taxpayer Relief Act of 2012 extending the federal Research & Development tax credit…

Benefiting from a “Pro-Business” Congress

Benefiting from a More Companies to Utilize the R&D Tax redit or 2010 “Pro-Business” Congress

More Companies to Utilize the R&D Tax Credit for 2010

Calling on the need for greater Innovation and R&D in the U.S., decidedly more “Pro-Business” Congress has taken some very positive legislative actions that will greatly benefit U.S.-based manufacturers. One area that is set to benefit more companies and its shareholders is the Research and Development (R&D) Tax Credit.

With tax time upon us, now is the time to evaluate whether the R&D Tax Credit warrants a look, or re-look, and if you can drop additional cash to your company’s bottom line!

Congress Extends the R&D Tax Credit

Manufacturing and technology companies in the U.S. will continue to benefit from the Federal Research and Development (R&D) Tax Credit. The Tax Extenders Package signed by President Obama on December 17th, 2010 calls for a two year extension, retroactive to 1/1/10 and through 12/31/11.

This extension of the R&D Tax Credit, along with passage of the Small Business Jobs Act of 2010, is going to create an incredible opportunity for more individuals to benefit from the R&D Tax Credit in 2010. In particular, the Act allows for general business credits such as the R&D Tax Credit to be applied against the Alternative Minimum Tax (AMT) in 2010…

Enhanced Minnesota R&D Tax Credit

Black Line Group, a leading provider of R&D Tax Credit services, is pleased to announce that as a part of the Minnesota “Jobs Bill” signed into law on April 1st by Governor Pawlenty, there are some significant enhancements to the Minnesota State Research and Development (R&D) Tax Credit. For companies with qualifying R&D activities…