Professional Service Firm Resources
R&D Tax Credits: Easy & Effective Tax Savings
Reading Time: 3 minutes The Research and Development (R&D) Tax Credit is one of the best opportunities for businesses to reduce their tax liabilities, improve cash flow, and increase earnings-per-share. This tax credit was initially enacted in 1981 to incentivize companies to increase their investment in developing new or improved products or processes.
Electrical Industry – Top 10 Tax Questions
Reading Time: < 1 minute Smith Schafer Tax Manager, Kyle Spicer, gave a tax presentation at the Minnesota Electrical Association Partner & Profit event.
Presentation: Business Valuations for SBA and Banking Purposes
Reading Time: < 1 minute Smith Schafer Principal, John Edson, presented a free educational seminar Business Valuations for SBA and Banking Purposes at the Rochester Golf & Country Club.
C Corporations – Tax Reform Affecting Tax Planning
Reading Time: 4 minutes One of the biggest changes under the Tax Cuts and Jobs Act (TCJA) is the permanent installation of a flat 21% federal income tax rate for C corporations for tax years beginning after 2017.
