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.
The recent torrential rains and flooding conditions in the Pensacola area present us with the need to remind folks about the tax rules surrounding casualty losses. If youve lost property or suffered damages due to the recent flooding, getting some tax relief may serve as at least a minor consolation.» Read More
Gabe Shibly, CPA with Saltmarsh, Cleaveland & Gund has recently been appointed to serve on two committees for The Florida Institute of CPAs.» Read More
After nearly a decade of issuing a long series of proposed and temporary regulations, the IRS has finally issued final regulations providing guidance to help contractors determine how to treat repair and maintenance expenditures related to tangible property from a tax perspective.» 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: