Cutting Taxes

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.

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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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Since the corporate tax rate was reduced from 35% to 21% starting in 2018, the federal R&D tax credit has increased by about 21%. This is because businesses are required to either reduce their business deductions by the amount of the gross R&D credit or make a “reduced credit” election in accordance with Internal Revenue…

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At BRAYN, our internal goal is to make life easier for our clients. The Payroll Tax Credit – Challenges and Solutions The Payroll Tax Credit (PTC) is a powerful new tax credit for start-ups. Companies performing R&D, who have less than $5M in gross receipts, and no gross receipts prior to the last 5 years,…

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Tax reform is now law and, in the world of real estate and construction, there are major implications to CPAs, finance professionals, property owners, and real estate developers. The new law, titled the Tax Cuts and Jobs Act, made changes that significantly affect building construction and renovation projects, as well as property acquisitions. Qualified Improvement…

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