Posts by BRAYN Consulting, LLC
The Inflation Reduction Act: Impacts to 45L and 179D
If passed, the IRA would make significant changes to the 45L credit amount and qualification criteria.
Read MoreChoose a Tax Credit & Incentive Provider That Fights for You, Not for Themselves
By. Justin DiLauro, Partner, Chief Quality Officer With Summer well in sight and getting past what seemed to be the first normal tax season since the start of the pandemic, many prudent business owners and their CPAs are re-assessing their specialty tax credit and incentive provider, whether that be for R&D Tax Credits, 179D Deductions,…
Read MoreInternal Revenue Service’s Interim Guidance for Amended Claims for Research and Development Tax Credit
Written by: Tanya Donnelly, Senior R&D Tax Manager On January 5th, 2022, the Internal Revenue Service (“IRS”) released an IRS Press Release, Frequently Asked Questions, and Interim Guidance for Research and Development (“R&D”) tax credit claims. As we discussed in our previous article, the IRS issued Chief Counsel Memorandum 20214101F on October 15, 2021, which…
Read MoreR&D Expenses: What’s Over the Horizon – Deductions or Amortization?
Written By Brady Bryan and Justin DiLauro Over the last several weeks, we at BRAYN have fielded a number of questions on what 2022 holds for the R&D tax credit and treatment of expenses. The back story on this is that when the R&D tax credit (IRC Sect. 41) was made permanent in 2017, there…
Read MoreTCJA and the R&D Tax Credit: Experimental Expenditure Changes
Written By: Tanya Donnelly, Senior R&D Tax Manager The Research and Development (“R&D”) Tax Credit is set to undergo changes in 2022 due to the Tax Cuts and Jobs Act of 2017 (“TCJA”). Up to the end of 2021, businesses have been able to immediately deduct R&D expenses. This is due to Internal Revenue Code…
Read MoreInternal Revenue Service’s New Guidance for Research and Development Tax Credits: It’s Not as Spooky as it Seems
Written by: Tanya Donnelly, R&D Tax Manager Mark Stapleton, R&D Senior Tax Analyst Geoff Garber, Partner On October 15th, 2021, the Internal Revenue Service (“IRS”) released Chief Counsel Memorandum 20214101F, which sets forth the information taxpayers must provide with administrative claims for refund or credit under Internal Revenue Code (“IRC”) Section 41, also known as…
Read MoreStartups and R&D Tax Credits: The Perfect Pair
You’ve done it! You have taken the leap and started your own company. Maybe it’s a new software program with an innovative AI model, or a new vertically-focused SaaS tool. In the early days, you are busy recruiting engineering talent, pitching potential customers, and trying to raise a Seed round from angel investors and venture…
Read MoreHold that Panic Button: Despite IRS focus shifting to different issues, R&D Tax Credits still strong for A&E Service Firms
By Justin DiLauro, Partner, BRAYN Consulting LLC Since the elimination of the “discovery test” in the early 2000s, Architecture and Engineering (A&E) design service firms have been and continue to be excellent candidates for R&D Tax Credits. It took almost a decade for the application of R&D Tax Credits to A&E firms to be tested…
Read MoreMaximizing R&D Tax Credits with Controlled Group Analytics
By Julia Sosa and Justin DiLauro Companies claiming an R&D tax credit receive a dollar-for-dollar reduction in their tax liability based on the qualified research activities undertaken and the associated qualified research expenses (QREs) related to those activities. However, many owners, officers, and CPAs of companies across all industries often find themselves being talked out…
Read MorePat Chase Joins BRAYN to Head Up Enterprise Solutions Service Line
Pat Chase has joined BRAYN Consulting in January 2021 as Enterprise Solutions Manager. Pat was Controller for a 250-person Civil Engineering firm in Oregon for the past three years. By improving business practices, Pat incorporated improved Project Management processes such as Project Backlog reporting for insight into the future and improved billing cycles by decreasing…
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