For business owners looking to maximize their tax savings, now may be the time to take advantage of a crucial opportunity. Staying ahead of tax changes is an essential strategy. Pass-through entity taxation (PTET) is an effective way for business […]
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Squire provides complete and personalized tax management and planning solutions to meet your needs.
Tax
Squire provides complete and personalized tax management and planning solutions to meet your needs.
Contact UsEmployee Retention Credit
If your business felt the impact of COVID-19, with employees facing operational restrictions, travel limitations, or group meeting constraints, you might be eligible for an Employee Retention Credit.
The opportunity to secure a cash refund based on your eligible employee retention credits is still available. Don’t hesitate to contact us today if you require clarification or need to assess your business’s eligibility. Our Squire professionals are here to help your business substantiate your claim.
Additional info:
The business must have had under 100 full time employees in 2019 to qualify for the 2020 credit, and under 500 full time employees in 2019 to qualify for the 2021 credit.
You can still qualify for the ERC even if you received PPP loans.
Research and Development Tax Credit
The R&D credit incentivizes companies to commit resources to innovation within the United States and is accessible to companies across all industries engaged in the creation of new products or processes or the enhancement of existing ones. Qualifying businesses can seek compensation for expenditures related to R&D projects and activities, encompassing wages, supplies, and contract research costs.
Designed to incentivize innovation by US companies, the R&D credit reduces income tax liability dollar-for-dollar. Contact us today and let our Squire professionals assist your company in receiving these tax credits!
The Research and Development (R&D) tax credit can apply to a wide range of industries including:
- Manufacturing
- Agriculture
- Architecture
- Engineering
- Construction
- Computer sciences
- Software development
- Cloud computing
- Gaming, virtual reality, and augmented reality
- Information technology
- Life sciences, biotech, and pharmaceuticals
- Food and beverage manufacturing
- Industrial and automotive design sectors
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