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.
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 that are needed for these deductions, credits and strategies but they dont even know it.» Read More
The Internal Revenue Service (IRS) recently published final regulations regarding the reduction or suspension of safe harbor contributions to 401(k) and 403(b) plans under the Internal Revenue Code (Code).» 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: