Posts by BRAYN Consulting, LLC
Startups and R&D Tax Credits: The Perfect Pair
By Tanya Donnelly, R&D Tax Manager 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…
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…
Read MoreBRAYN Opens New York Office with Hiring of Tanya Donnelly as Manager
BRAYN Consulting is excited to announce the addition of Tanya Donnelly as an R&D Manager. Tanya is based out of Long Island, New York, allowing BRAYN to serve our clients better in the New York, Northeast, and Mid-Atlantic areas.
Read MoreEnergy Efficiency Tax Incentives Extenders Update
Congress just made some significant changes to two of our favorite energy-efficient incentives as part of the recent omnibus bill passed at the end of 2020. The New Energy Efficient Home Credit (45L) has been extended in its current form through the end of 2021. The Energy Efficient Commercial Buildings Deduction (179D) is now a permanent tax incentive!
Read MoreMark Stapleton Joins BRAYN Consulting as the Director of R&D Operations
BRAYN Consulting LLC is excited to announce the addition of top R&D Tax Credit Consulting talent, Mark Stapleton. Continuing a thirteen-year career in specialty tax credits and incentives with a specialty in R&D, Mark is joining BRAYN as the Director of R&D Operations and will oversee the day-to-day management and subject matter expertise of BRAYN’s thriving R&D Tax Credit practice.
Read MoreSuperseding Returns and the R&D Payroll Election
With the final income tax extension deadline upcoming quickly, this article touches on some quirks involved with filing a second income tax return within the timely filing period, including extensions, also known as a superseding return.
Read MoreEngineering Tax Deductions (179D), the CARES Act, and Making the Most of 2020
BRAYN Consulting is a proud sponsor of ACEC’s Rescue/Recover/Rebuild (R3) Webinars, which brings you a new series of online education offerings to help your firm navigate the uncertainties of the COVID-19 business environment. We invite you to join us on Tuesday, June 23rd at 1:30 pm ET for Engineering Tax Deductions (179D), the CARES Act, and…
Read MoreCARES Act Revises NOL Rules and Opens Door For Unclaimed R&D Tax Credits
The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) provides companies and individuals with a host of tax saving opportunities. We previously discussed the benefits that the qualified improvement property (QIP) fix provides for any taxpayers who have incurred renovation costs since 2018. This article focuses on the impacts to net operating loss (NOL)…
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