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AI has crossed the line and business leaders cannot get enough. For years people have wondered when artificial intelligence (“AI”) would advance to the stage that computers become smarter than humans. We watched in amazement as AI technology passed key milestones:

Your Research & Development tax credit is dependent on identifying ALL your Qualified Research Expenses (QREs). If your R&D credit provider does not know ALL the rules (and very few do), they will miss QREs.

Accountants love to follow SALY (same as last year). We could write a textbook on all the psychology that leads us to follow SALY accounting. I can imagine chapters such as absolution from responsibility, covering your self doubt, and a plausible excuse for errors.

If you have ever computed an R&D tax credit, you are familiar with the R&D credit interview. Interviewing subject matter experts has been the primary method for gathering information for over 30 years. The purpose of the R&D credit interview is to ask one question; "how much time do you spend performing qualified research activities?”

On September 15, 2023, the IRS announced that it will be changing the R&D Credit Form 6765 by adding two new sections to the form.

If you’re not 100% certain you have the best R&D credit possible, you’re not alone. Most R&D credit experts don’t know all the tricks for maximizing the credit. It may be time for an R&D credit sanity check if you compute the R&D credit in house, or have used the same provider for several years.

Be it intentional or not, R&D credit providers have a bad habit of obscuring the full cost of an R&D credit study. They know that if they can get their client to invest significant time and effort, they will continue with the process despite these hidden costs.

On September 15, 2023, the IRS released a preview of the proposed changes to tax Form 6765, “Credit for Increasing Research Expenses” (a.k.a. “R&D Credit”), which all taxpayers are required to file when computing an R&D credit under IRC 41.

The R&D credit regulations contain an example many refer to as the “cheese” example. The example discusses a taxpayer with a “large-shred” product that wants to add a “fine-shred” version of a product. It concludes that adding a “fine-shred” product includes qualified R&D.

You may be surprised to learn that the Internal Revenue Service (IRS) has begun using artificial intelligence to assist in their tax collection efforts. Specifically, to target taxpayers with incomes above $1 million but tax debts of more than $250,000.

Will an R&D credit automatically trigger an IRS exam?Perhaps you’ve asked this question. While the official answer is, “no one knows exactly”, there are things you should know if you file an R&D credit.

Sadly, this joke describes your R&D credit analysis when you hire an accountant to determine your QRE or your "Qualified Research Expenses."

In today's digital age, the winds of change are blowing stronger than ever, and at the heart of this transformation exists a powerful ally: Artificial Intelligence (AI). AI is no longer a mere concept whispered in tech circles; it is a reality shaping the destiny of businesses worldwide. In this comprehensive exploration, we will delve into the strategies of leveraging AI for business growth. Backed by real-world evidence of its impact across various sectors.

What do you call an accountant without a spreadsheet? Lost.

Regardless of if you realize it or not, Artificial Intelligence (AI) is a part of your daily life. In fact, AI has so easily integrated into the day to day technology we all use, it can be hard to identify. Understand what AI is, how it came to be, and how it's already benefiting your life in this article.

I’m excited to share that SPRX has raised a $12M Series A round, led by Vertex Ventures US, with participation from Y Combinator, Restive, and Rebel Fund.

The Research & Development tax credit is the credit for Increasing Research Activities (aka, R&D credit, research credit, meaning R&D, or R&E credit) is a federal tax incentive to encourage companies to spend more money on qualified research activities. The federal credit is filed on tax Form 6765 and is included with a company’s tax return.

R&D stands for Research and Development. In the broad sense, R&D involves all activities aimed at improving or developing new products, processes, or services.