Companies with a cross-disciplined approach to design and production in controls and automation can qualify for the R&D tax credit, which brings in an estimated $10 billion annually for U.S. businesses, provided that the companies can take advantage of the break. See project examples that qualify and seven ways to fit the R&D tax credit.

In business for over 90 years, the Rumiano family manages to cling to tradition and still embrace technology. Rumiano Cheese Company’s innovative operations helped qualify them for the Research and Development Tax Credit. All photo credits: Rumiano Cheese Company

A ghostwritten article for construction and engineering professionals,

The increase in global supply, declining domestic demand and swelling competition over the last year is taking its toll on U.S. oil and gas companies, from giant enterprises to small family-run operations. While prices remain low, companies in the industry are operating leaner and leaner, forcing businesses to find resourceful methods of salvaging their bottom line.

Congress has, in recent years, made great efforts to enrich smart industries. Smart industries, in turn, have greatly failed to take full advantage. There is a massive tax incentive in place that rewards practical innovation among tech businesses, and the initiatives that fall under that generic term are wide—product-development, version 2.0, beta mode, trial-and-error, etc.

Why new IRS and Treasury regulations for internal-use software have opened the door for more companies to claim R&D tax credits.

Last month, the president signed into law the Protecting Americans from Tax Hikes Act of 2015 (PATH act) that will extend over 50 expired provisions of the tax code, including several key pro-business initiatives. Among the most vital aspects of the legislation, the extenders bill will expand and make permanent the Research and Development (R&D) Tax Credit, providing U.S. companies much needed certainty and greater access to one of the most valuable and pro-growth tax incentives.

Former U.S. Representative Rick Lazio crossed over to the private sector after leaving public office in 2001, but he never stopped advocating for New York’s economic and industrial growth. As a current director at alliantgroup, he remains committed to his continued interest and support of small to mid-sized businesses.

A division of alliantgroup, alliantNational assists CPAs and U.S. businesses alike in navigating difficult tax matters, offering both representation and support while working with IRS and state tax officials. The alliantNational advantage includes extensively trained attorneys with hands-on litigation experience and a vast knowledge of the Internal Revenue Code.

With tax filing deadlines right around the corner, alliantgroup Senior Associate Director Margorie McLenan reminds entrepreneurs and executives in the software and tech space of an opportunity that could make all the difference in ensuring their future success. In her article appearing in Young Upstarts, “Why 2016 Will Be a Turning Point for Startups and Other Software and Tech Firms,” McLenan covers the benefits of the Research and Development (R&D) Tax Credit for both startups and more established software and technology companies.

With key speakers and policy experts on hand such as former U.S. Congressman Rick Lazio, former Senior Counsel to the U.S. Chief among the concerns of those in attendance was not only how to improve the U.S. labor force (particularly among workers in the science, technology, engineering and mathematics (STEM) fields), but policy proposals that would provide software and tech companies the means to hire such employees.

Manufacturers contribute about $2.1 trillion to the U.S. economy. In fact, if the U.S. manufacturing industry was a country, it would boast the ninth-largest economy in the world, sandwiched in between Brazil and Italy. The United States can’t afford to loosen its grip on a trade that contributes 12% of the nation’s GDP and continues to outperform other industries in areas like worker productivity.

The construction industry is rebounding fast, and as contractors regain their post-recession footing, many are realizing that the everyday business activities of a growing company and/or energy-efficient design-build services might be their fast pass to a full recovery. The federal government (and many state governments) is earnestly promoting innovation within the AEC industry through the Research and Development Tax Credit; billions of dollars are allotted every year to assist businesses as they break new ground in their industry.

Among the industries that are evolving quickly and flourishing in technology, commercial printing takes no exception. Keeping up with the technological demands of software and machinery in this competitive and fragmented market is requiring businesses small and large to operate on the cusp of innovation to stay profitable.

On December 18, President Obama signed into law tax extenders legislation that will extend over 50 expired provisions of the tax code, including several key pro-business initiatives. Among the most vital aspects of the legislation, the extenders bill will expand and make permanent the Research and Development (R&D) Tax Credit, providing U.S. companies much needed certainty and greater access to one of the most valuable and pro-growth tax incentives.