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New Rules for Employee Moving Expenses Reimbursement.

Under the Tax Cuts and Jobs Act, all moving costs incurred in 2018 and reimbursed by an employer must be reported as income to the employee. Through Notice 2018-75, the IRS has confirmed that reimbursements paid by an employer to an employee in 2018 for qualified moving expenses incurred in a prior year aren’t subject […]

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What’s the R&D tax credit and is my business eligible?

The R&D tax credit originally pertained to basic research expenses, such as those occurring in a laboratory setting. Subsequent modifications simplified the credit and made it available to a wider variety of businesses. Eligibility: Meeting the Four-Part Test The R&D tax credit incentivizes certain research activities by reducing a company’s liabilities for spending money on […]

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