The R&D tax credit is a Federal incentive provided by Congress to U.S. Manufacturers to offset the cost of innovating. As it is a credit as opposed to a deduction, it is a dollar for dollar offset to your tax liability. Also, since the credit is open for the 3 immediately preceding tax years, filing a claim for refund for the credit for past years can be a direct cash infusion into your company. This video explains the tax credit and how Saltmarsh can help your business claim the credits you deserve.
Generally, all ordinary and necessary expenses paid or incurred during the tax year in carrying on any trade or business may be deducted. Conversely, amounts paid to acquire, produce...» Read More
The Centers for Medicare and Medicaid Services (CMS) announced that it will ease enforcement of the two-midnight rule through December 31 of this year...» Read More
By now, we all know that parts of the federal government officially shut down at 12:01am on Tuesday, October 1, 2013 after Congress failed to come to an agreement to fully fund normal operations. As a result, essential functions are operating but certain areas such as national parks and non-essential services are completely closed.» Read More
Saltmarsh offers accounting, taxation, and consulting services to a variety of industries from our offices in Pensacola, Fort Walton Beach, Tampa and Orlando, Florida. Serving individuals and businesses of all sizes, Saltmarsh has been providing our clients with sound accounting and financial advice since 1944.
Our experienced team currently offers services for the following key industries: