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As your true business advisor, we provide information on regulatory updates, industry strategies, and expert analysis to help you think strategically and make better decisions.

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August 31, 2016 | Lawrence Knutson and Rebecca Potts

Changes to the R&D Tax Credit: New Opportunity for Early Stage Biotech and Medical Device Manufacturers

​Early stage biotech firms often bring in little or no revenue while they are faced with considerable expenses related to research and development. A significant portion of the R&D costs are taken up by researchers. As of early 2016, biotech businesses can take advantage of the federal R&D tax credit to offset their payroll taxes. Read on »

January 11, 2016 | Michael De Prima

Specialty Tax Services Update – R&D Tax Credit

Taxpayers and practitioners can breathe a long-awaited sigh of relief because the research and development (R&D) tax credit has been made permanent. What’s more, due to some very generous enhancements to the credit rules, it is now more attractive than ever for a large number of companies that previously saw little or no benefit in claiming the credit. Read on »

July 7, 2015 | John DeVore and Mike Madden

Money-Saving Tax Strategies for Craft Breweries

Breweries that are expanding into new facilities or expanding current operations can use cost segregation to reduce their tax burdens. For example, rather than applying a standard 39-year depreciation to a brewhouse and everything attached to it, a brewery may apply a shorter schedule to certain specialty items. The determination of which items are eligible for cost segregation requires an engineering-based study, which identifies building parts that can be depreciated over a shorter lifespan.  Read on »

June 30, 2015 | Lawrence Knutson and Michael De Prima

Specialty Tax Services Update - Tax Credit Claims

Engineering firms claiming the research and development (R&D) tax credit under Internal Revenue Code §41 oftentimes grapple with the “funded” research issue. Read on »

April 20, 2015 | EKS&H Technical Accounting and Advisory Group

Research Tax Credit: IRS Issues April 3, 2015 Update

On April 3, 2015, the IRS issued final and temporary regulations regarding how the research credit must be allocated among members of a controlled group under IRC §41(f) Treas. Reg. §1.41-6. The new regulations implement revisions to the controlled group allocation rules brought about by the American Taxpayer Relief Act of 2012, which were implemented on an interim basis in Notice 2013-20.   Read on »

March 15, 2013 | Bruce Nelson

10 State and Local Tax (SALT) Opportunities Every Manufacturer Should Know

Expense and complexity of SALT (state and local tax) compliance has increased dramatically – increased legislation and regulatory intricacy has coupled with additional scrutiny by state revenue departments. Read on »

July 30, 2012 | Lawrence Knutson

Manufacturing R&D: Why It's Not Confined to the Laboratory and What This Means for You

Industry Today magazine recently published an article written by EKS&H Tax Partner, Lawrence Knutson, in their ‘Dollars & Sense’ section. The article addresses the Research & Development (R&D) tax credit opportunities for manufacturing, high-tech, and many more small to mid-sized businesses. Read on »

February 22, 2011 | Lawrence Knutson

R&D Tax Credits: Not Just for Big Companies

Taxpayers who have already filed their returns for tax year 2010 may need to amend their tax returns to claim the tax credits. Unfortunately, the credit was not made permanent nor was the alternative simplified credit percentage increased to 17% or 20% as many had anticipated. Read on »