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Failure of Tax Bill Could Hurt Small Business R&D

The Senate’s failure to pass a $78 billion bill that included tax breaks for businesses and low-income families could have dire effects for small business research and development, Accounting Today reported.

Can AI Perform an R&D Tax Credit Study?

Recently, major questions have been asked about pop-up shops claiming to do taxes with artificial intelligence (AI). Some are even saying they can perform studies for complex incentives such as the Research and Development (R&D) credit. The Internal Revenue Service (IRS) has this to say flatly…

Tax bill failure in Senate could decimate small-biz R&D

The Senate’s failure to approve a measure passed earlier this year by the House has delayed, for now, a solution to the quandary faced by many small and midsized companies that are severely hampered by the absence of the ability to currently deduct research & development expenses.