Episode 126: Innovate & Elevate: A Deep-Dive into R&D Credits

03/10/2025 17 min Temporada 5 Episodio 126
Episode 126: Innovate & Elevate: A Deep-Dive into R&D Credits

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Episode Synopsis

In this episode: Navigating government shutdowns and IRS updates for business owners The impact of state vs. federal marijuana laws on business deductions Understanding the QBI deduction and how it affects entrepreneurs Beneficial ownership reporting: what changed and why it matters Key tax deadlines and what to do after tax season Foreign bank account reporting requirements (FBAR) State-specific tax law changes (Maryland vs. Delaware) Deep dive into the Research & Development (R&D) tax credit: Who qualifies and the four-part test Real-world examples for startups, manufacturers, and tech companies Payroll tax offsets for early-stage businesses Documentation tips and audit triggers Common misconceptions and maximizing your credits  

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