DOESN'T MY CPA CALCULATE ALL MY BUSINESS TAX INCENTIVES? CPA's do your Business & Personal taxes, they do not calculate the 7,000+ tax incentives. The good news is that we work with business owners and CPA's to calculate their clients tax incentives. It is a winning solution, as Tax CPA's know how much taxes you pay and we can help you qualify for the tax incentives that you have not claimed.
WILL THIS TRIGGER AN AUDIT? The short answer is no. Tax incentives by nature are black and white. They are not grey. Either you exhibited the behavior or your didn't. For example, did you hire a Veteran or didn't you? Did you train your employees, pay for CEU's or didn't you. Did your company experiment and perform research & development on a process, technique, formulation, design?
This is too good to be true! Well, we understand how you might think this, but the truth is that the PATH Act of 2015 now allows small and medium sized businesses to claim the same Research & Development tax credits as the big business has been doing since 1981. Please watch the video of US. Senator Charles Grassley, Chair of the Senate Finance Committee (oversight of the US Treasury Department) below.
US Senator Grassley oversees the US Treasury Department as Chair of the Senate Finance Committee. In this video he tells small business owners to "show up" for your tax credits. Many business owners and CPA's don't think these incentives apply to small businesses. Sen. Grassley says they do, and that you are passing up valuable tax relief.