The Battle To Reshore US Supply Chains Starts In China
US businesses can take advantage of the R&D credit to onshore production & minimize the risks associated with long and complex supply chains.
The Digital Age Of America’s Healthcare System Requires A Silicon Valley Approach
Earlier this year, Fast Company ranked Scopio Labs as the most innovative medical device company of 2023 for its development of an AI platform that automates the analysis of peripheral blood smear tests.
How to Qualify for and Claim the R&D Tax Credit
You may be more eligible than you think to claim expenses against the lucrative R&D tax credit.
Yellen defends IRS against cuts, plans ambitious tax season
Treasury Secretary Janet Yellen addressed a group of Internal Revenue Service employees Tuesday as the agency fends off budget cuts pushed by House Republicans.
What to know as IRS kicks off withdrawal option for pandemic-era small business tax credit
The IRS has announced a special withdrawal process for small businesses that wrongly claimed a pandemic-era tax break — and experts have tips for those who may be affected.
IRS Earns Praise for ERC Claim Withdrawal Initiative
An IRS initiative that will allow businesses to withdraw questionable employee retention credit claims is being hailed as a positive development that could help taxpayers and the IRS alike.
IRS offers process for withdrawing bogus ERC claims
The Internal Revenue Service is giving employers a way to rescind inaccurate claims for the Employee Retention Credit if they’ve fallen victim to a scam at the hands of so-called “ERC mills” that aggressively promote the credit to businesses.
IRS uses IRA funds to bridge tax gap
The Internal Revenue Service is trying to leverage the extra billions in funding from last year’s Inflation Reduction Act to narrow the ever-increasing gap between taxes due and taxes collected, but has spent surprisingly little of the money so far.
The IRS is going after scammy firms pushing a small business tax credit
Pop-up companies aggressively pushing a small business tax credit may soon be in hot water with the IRS.
Businesses may still qualify for ERC despite IRS delay
The IRS recently delayed processing new claims on a COVID-era payroll tax credit because of fraud. Still, businesses might qualify for the credit depending on how the pandemic affected them.