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.
Saltmarsh shareholder, Molly Murphy, was recently recognized at the University of West Floridas annual Alumni brunch, where she received the Distinguished Alumni award.
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» Read MoreRelease Date: Thursday, January 01, 2009
Molly has served as a Senior Manager in the Audit Services Department in the Pensacola office of Saltmarsh, Cleaveland & Gund for the past 7 years. She has over 17 years of experience in public accounting and is a Certified Public Accountant in Florida and North Carolina. Mollys expertise at Saltmarsh is in a variety of fields including: audit, accounting, and consulting services. Her experience covers many types of entities, including manufacturing companies, construction contractors, nonprofit organizations, and healthcare organizations.
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.
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