Most have heard of the “Four-Part Test" used to qualify R&D activities for tax purposes. Here is a quick recap:  Did you have a new or improved business component for a permitted purpose?  Was it technological in nature? Was there…

Virginia recently published several new guidelines effecting the state’s Research and Development Expense Tax Credit. (Ruling No. 20-120, House Bill 748 and Senate Bill 110)  These changes include postponing the deadline for application…

As companies work to adapt to commercial life during the COVID-19 pandemic, tax planning has come into focus for cash recovery and cost reduction. For many companies, decreased earnings and special tax incentives/remedies in response to COVID-19…

Due to the negative effect of COVID-19 on the state’s budget, on June 29th, 2020, California Governor Gavin Newsom signed into law a revenue enhancement measure and revised budget plan.  The new law suspends the ability to offset California…