Business Resources

10 R&D Tax Myths That Might Be Costing You $250,000 Per Year

Feb 16 2017
By: boastcapital
Categories: Business Resources, Innovation Funding, News, R&D Tax
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R&D tax myths

Each year the US government provides billions of dollars to thousands of companies for developing new or improving existing technologies, products, materials, and processes, under the US Research & Experimentation Tax Credit (R&D Tax Credit) program.

Previously, the R&D Tax Credit program would periodically expire and be renewed by Congress. Companies wishing to include this in their long-term budgeting plans couldn’t count on the credit being around for certain. In 2015, the Congress made the R&D tax credit permanent as part of the Protecting Americans from Tax Hikes (PATH) Act of 2015 and also made key changes so that more type of companies could benefit from the program.

However, we come across several companies every day who don’t think they qualify based on some misperception or the other. Here are the 10 most common R&D tax credit myths debunked:

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How Alberta Investors Can Get 30% Tax Credit For Funding Startups

Jan 16 2017
By: boastcapital
Categories: Business Resources, Innovation Funding, News
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On December 15, 2016, the Government of Alberta (“Government”) released guidelines providing details of the Alberta Investor Tax Credit (“AITC”) program created under the Investing in a Diversified Alberta Economy Act (the “Act”). The Act came into force January 1, 2017 and provides tax credits for certain investments in qualified small businesses.

The Government has allocated $90 million to the program over its initial three-year term ending in 2019. The Government expects the program to support up to 4,400 new jobs over three years and contribute $500 million to Alberta’s GDP.

Alberta Investor Tax Credit

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  • About Us
    Boast Capital is a team of engineers and finance professionals with over 20 years experience helping companies in Canada and the U.S. successfully claim and maximize R&D tax credits.
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