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While most think of high-tech companies when research and development business incentives are mentioned, savvy tax planners know that many kinds of companies can achieve big savings by leveraging their R&D operations into tax planning. Incentives often allow salaries, expenses, equipment purchases and other R&D costs to be written off. States can even offer big financial incentives to companies that can show they are doing R&D within the state's borders. In CCH's brand-new Research and Development Tax Incentives—Federal, State, and Foreign, R&D tax expert Michael D. Rashkin, J.D., LL.M., shows how to make sure your company or clients get their fair share of these dollars. At the core of claiming R&D expenses is documentation and proper calculation of the actual costs stemming from R&D. Click here to read the complete 17-page Chapter Three from this book, which walks you through the foundations and eligible expenditures for the research credit and includes formulas you can use to maximize your tax savings.
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To order Research and Development Tax Incentives, click here. For a detailed table of contents from this book, click here. |
Related Titles to this Article: |
Journal of Taxation of Corporate Transactions
Consolidated Returns Guide
Corporate Income Tax Refresher Course |
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Sales and use tax compliance is a difficult area for businesses of all sizes. While it's easy to make mistakes that result in owing extra taxes to the state, it is just as easy to make overpayments by paying taxes on transactions that are exempt. A reverse audit—done by in-house staff or an outside consultant—can find these overpayments. In many cases, a business could get a refund from the state for the overpayment, but don't expect the state to just hand over the money. If the refund is substantial, you might have to fight to get it. Editors of CCH's Sales & Use Tax Alert spoke to sales and use tax experts about the potential pitfalls that can come when you request a refund for tax overpayments. Audits, backlash offsets and general bureaucratic foot-dragging are among the reactions you can expect when your reverse audit finds a refund. Learn more from these tax pros about weighing the advantages and disadvantages of reverse audits and refund requests from this new helpful article by clicking here.
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Related Titles to this Article: |
Surviving a Sales and Use Tax Audit
U.S. Master Sales and Use Tax Guide
Sales and Use Tax Exemption Certificates |
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While the use of Special Needs Trusts (SNT) has evolved as a good way to fund the significant lifetime needs of disabled people, many estate planners have not kept up with either the planning opportunities or the potential pitfalls associated with them. Donna G Barwick, J.D., CFP, explains that setting up a special needs trust as part of an estate plan requires a great deal of thought and research, as well as working closely with other professionals such as attorneys who understand this sometimes complex area. In a recent article in the Journal of Retirement Planning, she notes that planners have to make sure the SNTs they set up do not damage a beneficiary's ability to use government programs to pay for expensive treatments, therapies and so forth. It's not enough to just set up the SNT; looking ahead to all of the potential angles is an absolute must. To read this article that lays out the key considerations for SNTs, click here.
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To order the Journal of Retirement Planning, click here. |
Related Titles to this Article: |
Journal of Practical Estate Planning
Financial and Estate Planning Guide (14th Edition)
Financial Planning for Older Clients |
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The time to learn what a small business owner really wanted to happen is before a buy-sell agreement has been triggered. While that seems obvious, endless disputes, tax controversies and other problems presented by human circumstances prove that buy-sell agreements and their triggers are not always the best-thought out parts of small business tax and financial advice. Author Jeremiah Murphy, CPA, walks through the most common "trigger" events in Chapter Three of the recently published book, Understanding Business Buy-Sell Agreements. He points out the potential pitfalls to watch for and provides sound advice on how to make sure the agreements do what clients really intended them to do. Murphy notes that the best plans begin with asking a lot of questions to make sure that what goes on paper matches the desires of the clients. This chapter provides many practice tips, practical considerations and reminders about the triggers that invoke buy-sell agreement clauses. To read this practical Seven-page Chapter, click here. |
To order Understanding Business Buy-Sell Agreements, click here. For a detailed table of contents from the book, click here. |
Related Titles to this Article: |
Business Valuation Guide
Tax Planning for Individuals and Small Businesses
Tax Angles for Special Taxpayers |
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Spotlight
Products:
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Journal of Taxation of Corporate Transactions |
Each bimonthly issue addresses the increasingly complex planning and compliance issues facing corporate tax payers and the impact of legislation, regulatory and administrative changes on these issues. |
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U.S. Master Sales and Use Tax Guide |
This CCH "Master Guide" serves as a handy desktop reference and is an indispensable resource for professionals who work with multiple state tax jurisdictions. |
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Journal of Retirement Planning |
Dedicated entirely to delivering praticial, timely information on the complex issues surrounding retirement planning. |
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Tax Planning for Individuals and Small Businesses |
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Covers a wealth of timely tax planning areas with a clear, practical approach to tax planning concepts. |
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Tax Angles for Special Taxpayers |
Offers sound guidance to help you maximize tax saving opportunities and avoid tax traps and pitfalls for your clients. |
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