Because of the words research and development, many business owners mistakenly associate the R&D Tax Credit to images of scientists in white lab coats, pharmaceutical companies, or Silicon Valley software startups.  In reality, many businesses perform qualifying research and development activities without realizing it.  Manufacturers improve production processes.  Construction companies develop new building methods. Medical practices implement innovative workflows.  Even professional service firms may create [...]

If you’re like many business owners, you’ve probably wondered whether you’re taking advantage of every legitimate tax-saving opportunity available to you. Maybe you’ve heard someone mention the Augusta Rule strategy in a podcast or business networking group, or perhaps someone has mentioned that you can rent your home to your business without paying tax on the income. It sounds too good to be true, which [...]