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Start-up Companies Can Now Benefit from the R&D Tax Credit

Did you know that if you’re a start-up company with annual gross receipts less than $5 million you can reduce your 2017 labor costs by up to 6.2%? The Federal R&D tax credit is a dollar-for-dollar reduction of federal income tax liability for qualified expenditures incident to the development or improvement of a product, process, […]
November 14, 2016

Maryland Offers Physician Tax Credit

Maryland is launching a new program aimed at bringing physicians to underserved areas of the state. As of June 1, 2016, Maryland physicians can earn a credit reducing state income tax from $1,000 up to $10,000 by serving as a preceptor to medical students in areas with health care workforce shortages. According to the American Association […]
July 11, 2016

2015 Hospitality Industry Businesses; How Much Can You Save?

2015 Tax Savings Strategies for Restaurants and Hotels With 2015 complete, many restaurant and hotel owners should start thinking about preparing their upcoming tax returns. As a restaurant or hotel owner, there are multiple items to consider in order to reduce tax liabilities. Depreciation on Fixed Asset or Leasehold Improvement Additions Restaurant and hotel owners […]
January 21, 2016