Inflation Reduction Act Payroll Tax Credit
The Protecting Americans from Tax Hikes Act created a permanent incentive for eligible start-up companies to pursue R&D activities within the United States. The Internal Revenue Code (IRC) Section 41 tax credit for qualifying in-house and contract research activities already existed, but early-stage companies that had not yet incurred income tax liability could not take…
Global Innovation Index: What does WIPO predict for the future?
The pandemic has pushed innovation to new limits, but what does it mean to the future of business universe? On its newest report, the World Intellectual Property Organization brings some insights. Even though Covid-19 pandemic has locked people inside home, innovation kept flowing – at least in Switzerland, the United States, Sweden, the United Kingdom, and…
Explaining R&D Tax Credits: Comprehensive Guide
The Research and Development (R&D) Tax Credit is a government-sponsored tax incentive that rewards companies for conducting research and development within the United States. These tax credits benefit both small and large corporations alike and are available to a wide variety of industries in the applied sciences field and other technical research areas. Read on…
R&D Tax Incentives for the Aviation and MRO Industries
Worldwide, the in-service commercial airline fleet forecasted to grow from nearly 25,000 aircraft at the beginning of 2022 to over 38,100 by 2032, an annual growth rate of 4.1%. The accelerated rate of new aircraft deliveries will result in a massive technology shift over the period and a post pandemic industry recovery after two years…
R&D Tax Credit Opportunities – Intellectual Property/Patents
The R&D Tax Credit can be a valuable tool for companies that conduct R&D, including the invention of patented products and processes. It provides a 14% credit on qualifying expenditures. How do you qualify – research activities must satisfy a four-part test: Intellectual Property/Patents, Innovation, Can Be Used as a R&D Tax Credit Calculation One…
The FI Group Podcast -Ep6 R&D Funding in Global Expansion: UK vs US
It is great to be back with another new instalment of our series, The FI Group Podcast Episode 6. Each episode we look at a new sector and aspect of R&D Tax Credits alongside the work that we do at FI Group. Episode 6 is available to listen to on the following platforms: Hello, and welcome to a podcast series…
Why Choose FI Group?
The FI Group is an International tax consultancy that specializes in the implementation of state and federal tax incentives and the research and development (R&D) tax credits for corporations. The FI Group team consists of CPA’s, engineers, IT, legal, and business operation specialists. With over 13,500 clients in 13 countries, our client’s benefits exceed more…
2021 R&D Tax Reform and Modifications
The R&D tax credit is a government-sponsored tax incentive that was created 38 years ago by Congress to entice companies to innovate and create technical jobs in the United States. Basically, it is a job credit that reduces federal and state income tax liabilities. 2021 has arrived with some changes in the research and development…
Definition & Eligibility Of Research & Development Tax Credit
Did you know that the types of activities that would qualify you for the R&D Tax Credit are probably much broader than you would suspect and could include things such as technical sales, design engineering, formulation, process engineering, tool development, quality engineering and documentation? FI USA helps you understand the difinitions and eligibilitiy for R&D…