Since the corporate tax rate was reduced from 35% to 21% starting in 2018, the federal R&D tax credit has increased by about 21%. This is because businesses are required to either reduce their business deductions by the amount of the gross R&D credit or make a “reduced credit” election in accordance with Internal Revenue Code Section 280C.
At BRAYN, our internal goal is to make life easier for our clients.
The Payroll Tax Credit – Challenges and Solutions
The Payroll Tax Credit (PTC) is a powerful new tax credit for start-ups. Companies performing R&D, who have less than $5M in gross receipts, and no gross receipts prior to the last 5 years, may qualify for the PTC and offset up to $250K in FICA payroll taxes. Continue reading Making Life Easier for Our Clients!
We are pleased to announce that Jason Villere has joined BRAYN as a Director of Management Consulting. Jason will oversee and develop the Southeastern Tax Consulting Operations as well as introduce a new service offering, management consulting, to existing BRAYN clients and prospects.
BRAYN Consulting LLC is excited to announce our participation at the Craft Brewers Conference 2018! Two of our Brayniacs will be on hand at the Conference: please stop by our booth #3056 to learn how you may benefit from the research and development (“R&D”) tax credit. Continue reading COME SEE US IN BOOTH #3056 AT CRAFT BREWERS CONFERENCE 2018 – APRIL 30TH THROUGH MAY 3RD