POSTS TAGGED : tax credits

 Why You Should Hire an ERC Consultant

The COVID-19 pandemic has impacted the hospitality industry in a significant way, causing many businesses to face challenges such as decreased revenue, increased expenses, and decreased occupancy rates. In response to these challenges, the government has introduced several economic relief programs, including the Employee Retention Credit (ERC) refundable tax credit, which can provide significant benefits to hospitality businesses.

Employee Retention Credit (ERC) tax credit refund

The ERC is a refundable tax credit that was introduced by the Coronavirus Aid, Relief, and Economic Security (CARES) Act in March 2020. The credit is designed to provide financial relief to businesses that have been impacted by the pandemic and incentivize them to retain their employees.…

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The Impact of The Research and Development Tax Credit for German Taxpayers

If you are planning to finance or currently funding, or you already have a financed product or an initiative on software development, Germany may offer you 500,000 EUR if it started after 2019 or is going to start after 2019.

R&D tax credits

The Research Allowance Act, also known as Die Steuergutschrift Für Forschung Und Entwicklung, is responsible for the creation of the new incentive, which is generally equivalent to 25 percent of the total amount an entity spends on R&D salaries, wages, and eligible contract research expenses, with a yearly cap of EUR 500,000. The German Federal Council gave its stamp of approval to the measure on November 29th, 2019.…

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Guide for Software Companies When Claiming R&D Tax Credits

Maybe you’ve heard that somehow a variety of practices associated with the implementation of updated or upgraded software might be considered for the R&D Tax Credits. Needless to say, the benefit is aimed at promoting the advancement of novel and advanced processes and technologies. The credit will help to reduce the uncertainties associated with creativity and recognize foresight.

R&D tax credits

When analyzing the seven major stages of the Software Development Lifecycle (SDLC), it’s the fourth stage which development and coding entail operations that qualify for special tax credits.

Thus, while the new rules favored commercial software providers, you do not preclude your business solely just because you do not sell software to external parties.…

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