Posts by BRAYN Consulting, LLC
BRAYN Welcomes Two New R&D Tax Consultants to Our Team!
We are excited to introduce Justin Stone and Leslie Osborne. They both joined BRAYN in December and are jumping in with both feet as our newest R&D Tax Consultants.
Read MoreTax Court Finds That Architecture Firm’s Fixed-Price Contracts Qualified For Research Credits
by Geoff Garber, Partner and Justin Stone, Tax Consultant Quick Take Taxpayers claiming the federal research tax credit for work under fixed-price contracts received a significant win from the United States Tax Court (“the Court”). On December 6, 2019, the Court issued an order granting summary judgment to the taxpayer, Populous Holdings, Inc. (“Populous”), finding…
Read MoreUpdate: Tax Extenders Finalized (45L & 179D Energy Efficiency Incentives Extended to 2020)
The president signed into law a $426 billion tax cut plan that, among other things, extended several expired provisions of the tax code.
Read MoreTAX EXTENDERS UPDATE – November 2019
Politico reported last week that the House Ways and Means Committee Democrats are likely to unveil a “green energy” incentives package in the coming days, possibly as soon as the week of November 18th. The package could be a discussion draft or a more formal legislative proposal, but either way it is likely to include expired and expiring tax breaks for renewable energy and energy efficiency, such as 179D and 45L.
Read MoreSoft Costs: Depreciable or Not?
by Eric Rader, EIT, Engineering Associate What soft costs should be included in the depreciable cost basis? This is a very common, and confusing, issue for many property owners. A variety of soft costs can be accrued over the course of constructing a new building, renovating an existing building, or the acquisition of a property.…
Read MoreThe Five W’s of 179D
The 179D Commercial Buildings Energy Efficiency Tax Deduction is a tax incentive meant to reward designers, contractors, and business and building owners for engaging in energy efficient design practices.
Read MoreHow an Engineer Can Impact Your R&D Study
By Brady Bryan, JD, CEO and Robert Henry Wallace III, EIT, Engineering Associate For those who are unaware of the R&D Tax Credit, you have come to the right place. For those who know about the credit, you have also ventured to the right place. The Credit for Increasing Research Activities has rapidly become an…
Read MoreJoin us in welcoming Robert Henry Wallace III as our newest BRAYNiac
BRAYN Consulting is pleased to welcome Robert Henry Wallace III to our team as an Engineering Associate. Robert comes to us with experience in R&D, 179D, and Cost Segregation. He has a degree in Petroleum Engineering from Houston University. Robert will be working with the BRAYNiacs on R&D, Cost Segregation, 179D, and 45L tax incentive…
Read MoreBRAYN Consulting welcomes, Austin Bewley to the team!
BRAYN Consulting is pleased to welcome Austin Bewley to our team as an Engineering Associate. Austin is a recent graduate of the Colorado School of Mines. He will be working with the BRAYNiacs on R&D, Cost Segregation, 179D, and 45L tax incentive studies. Watch this video to learn a little about this great new addition…
Read MoreWhat is Research and Development?
The average individual may think of white lab coats, beakers, and graduated cylinders when they hear R&D. However, the tax code and the law describe a much more expansive definition of research and development.
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