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 theme for this year is "What's New - What's Not - What's Next: Critical Thinking about Critical Issues for Critical Times".» Read More
Effective April 30, 2014, an exemption from sales and use tax is available for purchases of industrial machinery and equipment used at a fixed location in Florida by an eligible manufacturing business that...» Read More
Many manufacturers continue to miss the boat on taking advantage of all aspects of the tax code. A lot of times manufacturers are already participating in the efforts...» 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: