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Lewis R. Fisher
Lewis has practiced accounting in the automotive and dealer services industry since 2000. He specializes in providing advisory services to dealerships and distributors of all sizes, with a focus on the retail automotive industry. Throughout his care...
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Tax Planning Resources: R&D Tax Credits
Your company’s day-to-day operations could qualify for an income tax liability reduction with R&D tax credits. Explore planning opportunities.
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Article
No Surprises Act Considerations for Ground Ambulance Billing
The protection against balance billing that went into effect in January 2022 could expand to impact ground ambulance billing.
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How Eligible Small Businesses and Individuals Can Offset AMT with R&D Tax Credits
Learn how eligible small businesses and individuals can offset alternative minimum tax (AMT) with R&D credits.
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Act Before Year-End to Utilize a Higher De Minimis Expensing Threshold
The IRS increased the de minimis safe harbor expensing threshold for taxpayers without an applicable financial statement from $500 to $2,500 per invoice or item. The increase is generally effective for tax years beginning on or after January 1, 2016.
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4 Things to Know about R&D Tax Credits for the Agribusiness Industry
Innovation in the agribusiness industry is a natural fit for R&D tax credits, but calculating and qualifying for them requires careful consideration.
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Four Things to Know About R&D Tax Credits for Software Companies
Improperly claiming R&D tax credits can result in IRS penalties. Learn how to avoid the risks.
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Article
Offset Payroll Tax with R&D Credits
New or small businesses may be eligible to apply for the R&D tax credit against their payroll tax.
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R&D Credit: Offset Payroll Tax
Startups and other businesses that innovate might be able to use the R&D tax credit to offset payroll tax—instead of income tax.
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How Mining Operations and Processing Plants Can Capture Overlooked Tax Incentives
Mining operations and processing plants often overlook the R&D tax credit, but many of their everyday activities may qualify.
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Texas Clarifies 3 Major Changes to the R&D Tax Credit
Texas released a clarification of its rules for the R&D tax credit, which are more restrictive than the federal rules.
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Article
What Hospitals Need to Know to Comply with 501(r) and Reduce IRS Penalty Risks
Discover frequently asked questions and steps tax-exempt hospitals can take to comply with 501(r) regulations and help avoid costly IRS exams.
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IRS Publishes Requirements and FAQs for Amending Returns for R&D Tax Credit
The IRS updated guidance for filing R&D credit refund claims on amended returns, including extension of time to perfect claims.
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AICPA Updates Service Organization Controls Engagements with Issuance of SSAE No. 18
The AICPA’s SSAE No. 18 redrafts standards for SOC examinations and other attestation engagements and replaces SSAE No. 16. Our Alert has details.
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Impacts of AI Development on the R&D Tax Credit and Other Credits
Artificial intelligence (AI) developments across industries have led to multiple tax credit opportunities.
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Inflation Reduction Act Expands Valuable R&D Payroll Tax Credit
The Inflation Reduction Act more than doubled the amount of qualifying small businesses can claim as R&D tax credits.
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IRS Won’t Challenge Certain R&D Expenses Identified on Adjusted Financial Statements
On September 11, 2017, the IRS issued guidance for large business and international examiners regarding certain R&D tax credits under ASC Topic 730.
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A Closer Look at R&D Tax Credits for the Construction Industry
Construction projects often qualify for R&D tax credits, but calculating and qualifying for the credits requires careful consideration.
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Alert
Tax Court Emphasizes Documentation is Required for R&D Tax Credit Eligibility
In April 2019, The US Tax Court emphasized the importance of documentation for R&D credits, reversing credits granted to Siemer Milling Company.
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Article
Section 179D and R&D Tax Credit Opportunities for Architects and Designers
Tax legislation changes mean architecture, engineering, and construction (AEC) companies have three unique opportunities.
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Avoid Delays and Added Costs When Claiming the R&D Payroll Tax Credit
New businesses may be eligible to apply R&D payroll tax credits against their payroll taxes for up to five years. Learn how to avoid common pitfalls.
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