R&D Tax Credits in Healthcare Industry
In the Healthcare sector, R&D plays a significant role in several areas, from the development of new medicines to the establishment of new methods and procedures. Generally, the duration of projects in this sector is quite long – especially when we talk about the development of new drugs, which can take up to fifteen years…
R&D Tax Credits for Engineering Firms: What you Need to Claim Them
Running an engineering firm isn’t easy. You’re constantly pushing boundaries, solving complex problems, and developing innovative solutions. But all this innovation comes at a cost. You’re likely facing tight budgets, expensive equipment needs, and the pressure to stay competitive in your industry. It’s a tough balance to strike – you want to keep innovating, but…
How to Calculate R&D Tax Credit
The R&D tax credit presents a valuable opportunity for innovative companies to get a tax break for their investments in developing new products and technologies. However calculating the credit can be complex, leaving potential savings on the table. Don’t let the details deter you. With the right guidance, you can unlock the full benefits of…
R&D Tax Credits Demystified, Your Key to Innovation Financing in the USA
Innovation is the key and the force driving many sectors, involving many agents, from companies to institutions and governments. Therefore, it is no surprise that the importance of Research and Development (R&D) activities is being increasingly recognized and promoted, especially by promoting the economic growth of different countries. Governments incentivize investing in innovation by offering…
Why Choose FI Group as a Partner?
Partnerships are always an important part of a business – they are symbiotic relationships of two or more people or companies that work together to achieve a common goal. Strategic and trustworthy partnerships can give you access to a range of experiences, knowledge, and skills. Depending on your business needs, a partnership can help you…
Our Tailored End-To-End Approach Meets Your Needs!
When looking for a service or partnership, it is important to know how the process is executed at each step to meet your objectives and resolve pain points. FI Group’s tailored end-to-end methodology aims to serve each client profile and its processes. Our team aids and educates companies on identifying, claiming, and investing in their…
Recent developments and trends in US innovation financing
In recent years, Research and Development (R&D) has grown dramatically in the USA: investments have given rise to many technologies that have become part of everyday life, such as the internet and smartphones, and essential resources for health, such as new vaccines and therapies. All these innovations fueled economic and military power and propelled the…
IRS: new update aims to drive transformation and highlights increased audits
On Thursday (05/02), the Internal Revenue Service (IRS) published the update of its Strategic Operating Plan, initially released last April. The new update outlines future improvements in services and technology for taxpayers and tax professionals, while increasing audit rates for large partnerships, big corporations, and the wealthy. In addition, the Treasure and IRS also released…
US and UK announce new partnership focused on AI security, standards, and R&D
In the beginning of April, the United States and the United Kingdom announced a new partnership focused on artificial intelligence and its development, including tests for the most recent models, applications, and capabilities. The Memorandum of Understanding (MOU) signed by U.S. Commerce Secretary Gina Raimondo and UK Secretary of State for Science, Innovation and Technology…
R&D Tax Credits in Chemical Sector
The chemical industry is one of the main export sectors of the US manufacturing industry: representing 13% of chemical product shipments, the US became the second largest chemical producer in the world in 2022, and can be also considered a constantly expanding market, being the second largest manufacturing industry in the country. The more than…