Significant Changes to the Texas Research and Development Tax Credit: New Guidelines Starting in 2026
The Research and Development (R&D) Tax Credit offered in Texas, currently defined and governed by Chapter 171 – Subchapter M, is set to undergo significant changes beginning next year. This transformation follows the approval of Bill SB 2206 by the Texas Senate and its subsequent signing by the Governor. The updates to the R&D Tax…
Why is data security important when you choose a R&D tax credit provider?
Key Takeaways Companies that undertake R&D projects handle valuable and in some cases confidential information, making their data and intellectual property a target for cybercriminals. Data security is essential to the proper functioning of a company’s projects and ideas. It is ideal to have support from a provider or partner that understands the intricacies of…
Tax Reform and Innovation: The Impact of the “One Big, Beautiful Bill Act”
One of Donald Trump’s signature campaign promises regarding tax reform is being proposed in Congress with the introduction of the ambitious bill entitled the “One Big, Beautiful Bill Act.” This multifaceted bill is designed to address a broad spectrum of issues vital to the nation’s well-being and economic future. After undergoing a series of comprehensive…
Innovation in the Clouds: The Role of R&D in the Aerospace Industry
R&D is essential to driving innovation in the aerospace industry, enabling companies to remain competitive in a rapidly evolving market. Companies in the sector need to continually invest in new technologies, such as next-generation propulsion systems and advanced materials, to secure their market leadership position. Moreover, the industry is undergoing significant transformation, driven by advances…
Embracing Sustainability in Research and Development: A Key to Our Future
Key Takeaways Sustainability should be a central part of R&D strategies, ensuring that research practices consider environmental, social, and economic impacts from the very beginning of product development. The choices made during the research and development phase play a crucial role in the sustainability of a product, significantly influencing its environmental impact and its chances…
Reasons to Initiate an R&D Tax Credit Study Before the Tax Deadline
Managing your taxes early not only brings peace of mind but also saves time and money. Key Takeaways Waiting until the last minute to begin your R&D study can result in a significant reduction and non-optimization in the amount of your credit. Beginning early to prepare and gather the necessary documentation to claim the R&D…
Exploring the Impact of NGOs in the United States
Key Takeaways NGOs are non-profit organizations that operate independently of the government and contribute to social change and community development. One of the main roles of NGOs is to function as advocates and agents of social change, influencing policies and legislation that benefit minority groups and promote social justice. Although the terms are often confused,…
Understanding the New Administration’s First Executive Orders: Impact and Significance
In the early hours of administration, the president swiftly executed a series of executive orders. Key Takeaways: Withdrew the United States from the World Health Organization and the Paris Agreement, arguing that these agreements negatively impacted the country’s economy and national security. The administration rejected participation in the OECD Global Tax Agreement, claiming that it…
R&D in the Biotechnology Industry
The biotechnology industry is driven by innovation: it’s a sector where it’s important to constantly seek new solutions in different areas, and where the results of research and development are present in our daily lives. The industry brings new treatments and diagnostic tools to the population, revolutionizing the production of crops and products, as well…
What Are Considered Qualified Research Expenses?
Qualified Research Expenses (also known as QREs) are central to Research and Development (R&D) Tax Credit: they are what can be claimed as a useful expense to obtain the benefit in the US. Although, many businesses end up getting confused about what counts as a qualified expense and what doesn’t. That’s why it’s important to…
