News

Are You Sending Too Much Money to the IRS?

STILL NOT USING THE R&D TAX CREDIT? A majority of plastics processors and toolmakers probably send too much money to the IRS. Why? http://www.plasticsindustry.org/AboutSPI/NewsItem.cfm?ItemNumber=13573  

Benefit From New IRS Rules For The Research And Development Tax Credit

Originally proposed as a provision under the Innovators Job Creation Act, the IRS has made a significant change that could potentially make the Research and Development Tax Credit more attractive and easier to claim for many more small and midsize companies that qualify for the credit. However, for various reasons, many have not yet pursued […]

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Unclaimed Money: R&D Tax Credits

One of the most under-utilized tax savings opportunities for mold builders* is the Credit for Increasing Research Activities (R&D tax credit). The R&D tax credit rewards companies who invest resources in new technology, product development, mold or die design and process development or improvements. Read Full Article: Unclaimed Money: R&D Tax Credits

The MPMA Voice

by Bill Remes The Minnesota Precision Manufacturing Association (MPMA) was well represented at the sixth annual NTMA/PMA One Voice Legislative Conference in Washington, D.C., on May 5-7, 2014.  MPMA members in attendance included Josh Ralph with Duncan Company, and chair of MPMA’s Government Relations Committee; Sarah Richards with Jones Metal Products; Scott Schmidt with Black […]

IRS Amends Rules to Make Benefiting from R&D Tax Credit on Past Returns Easier

The following story is a recent article from the Society of Plastics Industry (SPI) newsletter.   Whereas before companies could claim refunds for unclaimed research and development (R&D) investments for past years only if they retained the proper documentation, companies may now use the Alternative Simplified Credit (ASC) calculation using data from the past three years. […]

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R&D Tax Credits Assist Ohio Metalformer

Since 1981, to encourage U.S.-based research and development, the federal government has provided a tax credit in addition to tax deductions for businesses’ R&D expenditures. A few years ago, rules were clarified to make the credits easier to obtain for manufacturers. These apply to businesses large and small, and small- and medium sized manufacturing companies […]

Unclaimed Money: R&D Tax Credits for Mold Builders

One of the most under-utilized tax savings opportunities for mold builders is the Credit for Increasing Research Activities (R&D tax credit). The R&D tax credit rewards companies who invest resources in new technology, product development, mold or die design and process development or improvements. In addition to Federal tax savings, several states have similar programs […]

Rewarding Innovation With R&D Tax Credits

Member firms, preferred providers team to bring R&D tax credits to clients

The Research & Experimentation Tax Credit, or the R&D Tax Credit, is a federal tax credit for increasing research activities. The tax credit is a general business tax credit rewarding innovation for companies that are incurring R&D expenses in the U.S…