Archives for January 2017

This article was first published in December 2016 on the CFO website.   The tax rules governing research and development are complex, but they can yield significant benefits for a broad range of companies, not just those involved in scientific research. Developments in the tax benefits of R&D are such that all CFOs, controllers, tax directors, and accounting managers need to have a perspective on when and how the rules affect them. The R&D credit was made permanent in 2015, and President-elect Trump plans to retain this incentive. An important liberalization of the R&D credit rules aimed at benefiting small- and medium-sized businesses began in 2016, and also this year the IRS issued final R&D regulations for internal-use software. Deduction or Amortization Incentives In general this topic is about engineering and science, and perhaps patent law. For example, marketing and tax research are not R&D items, for our purposes. The rules can … [Read more...] about A Guide to R&D Tax Rules