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
Whether you are in the midst of rapid growth or emerging from an economic downturn, our Financial Institutions group has the talent, expertise and insight to help you and your institution thrive.
We know financial institutions. Since 1944, Saltmarsh has been providing auditing, tax, and consulting services to a wide range of financial institutions. We currently serve approximately 140 financial institutions, ranging in size from $30 million to over $1 billion in total assets. As industry specialists, we know the financial, operational and regulatory challenges you face. We also know the solutions you need.
The members of the Financial Institutions Advisory Group have extensive experience providing auditing, tax and consulting services to financial institutions, with over 90% of their attention dedicated to this specialty area. In addition to annual participation in continuing education courses related to auditing and accounting for financial institutions, we regularly attend the AICPA National Banking conference, the PKF Financial Institutions forum, the FDIC CPA Roundtable and other leading industry events.
We take pride in building long-lasting relationships with our clients. We encourage you to contact us to learn more about the benefits of establishing a relationship with our firm and the quality of our professional services.