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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…

An Economic Stimulus Package for Moldmakers

If yours is like most businesses in the U.S., you have no doubt been forced to re-evaluate many aspects of your business because of the slowdown in the economy. You may have been forced to lay off employees due to a drop in orders, or you may have decided to make investments that will allow…