Breaking News: Senate to Vote on R&D Tax Credit

The Senate is due to vote on the “Extenders Bill” which would provide continuing support for specific programs that expired at the beginning of the year, including the IRC Section 41 Research Credit. As of 10am EST on Monday, December 15, 2014, the vote was anticipated on or before Thursday, December 18th. The  enabling house […]

Read more
The 2014 Northeast Lean Conference

On October 1 and 2, Tax Credit Advisors attended the 2014 Northeast Lean Conference in Springfield.           It was truly a pleasure to gather again with out friends at GBMP for their annual conference celebrating Lean Manufacturing and related process technology development. We saw some old friends and made some new […]

Read more
CRA Continues Support for SR&ED Claims

Canada Revenue Agency continues to issue new guidance regarding requirements for submission of supporting documents relating to claims for tax credit support. Recent regulatory changes have provided new guidance for those seeking to claim benefits. For example, the requirement for separate and distinct reports to be submitted for each and every project claimed has been […]

Read more
Research Credit Extended Through 2013

As part of the “fiscal cliff” legislation passed in January, the federal Research Credit was extended through December 31, 2013. The bill also extended several other expiring provisions of the tax code. This is the 15th time that the Research and Development tax credit has been renewed since its inception in 1981. President Barack Obama […]

Read more
CRA Announces New Claim Procedure

CRA has recently implemented a new Form T661, along with modified instructions. By making it easier for businesses to apply for the SR&ED tax credit, it hopes to encourage Canadian research. The SR&ED program is now offering a web based eligibility self-assessment tool and has also produced updated electronic and printed information for new and […]

Read more