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
At Saltmarsh, our tax consultants work full time to keep up with the constant changes in our tax laws. We develop strategies that will allow you to take full advantage of the law, and we use our best judgment and experience to advise you as to what actions you can take to reduce your tax burden. This forward-looking approach of developing advantageous tax strategies allows you to plan for the future. And because virtually every financial decision can have tax implications, careful tax planning can make a big difference in the final outcome.
Our tax consultants are CPAs with the experience, training, team values and tenacity to meet the tax planning and compliance needs of our clients. We have decades of experience addressing the most technical and diverse tax issues at the local, state, and national level.
Saltmarsh provides tax planning, tax return preparation, and IRS representation services for individuals, businesses, trusts, and estates. Our tax practice is built on the same philosophy that guides all our practices: we provide the highest-quality service with an extra measure of personal attention.
Service is what sets us apart. For nearly seventy years, the experienced professionals of Saltmarsh have provided clients with a host of tax and accounting services to meet all of their personal and professional needs. From simple to complex return preparation of federal and state income, franchise, sales and inheritance taxes to successful representation before the Internal Revenue Service, from specialized tax projection analysis to state-of-the-art accounting software, Saltmarsh provides a one-stop solution.
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