Home | Newsroom | About Us | Upcoming Events | FAQ | Contact | Blog | RSS RSS
 
 
 

Posts Tagged ‘Tax Relief Act of 2010’

Research and Development Credit Extended, But Key Calculation Remains at 14%

Wednesday, December 22nd, 2010 | Uncategorized

The Tax Relief, Unemployment Insurance Reauthorization and Job Creation Act of 2010 extended the R&D credits for another two years.   Because of the heavy burden in producing document and calculating the traditional fixed base percentage, many companies opt for the Alternative Simplified Method despite yielding a lower credit percentage.  There was a big push to increase the Alternative Simplified Credit percentage from 14% to 17%, but the Tax Act didn’t go that far.  For the next two years, taxpayers who choose to use the ASC method will have to live with the 14%.

Empowered, But Not Renewed

Tuesday, December 21st, 2010 | Enterprise Zones, Legislation, Tax News

 

On December 17, President Obama signed the Tax Relief, Unemployment Insurance Reauthorization and Job Creation Act of 2010.  The Tax Relief Act extended many important tax rates and programs and some have been curiously left out.   On the Federal level, the Act extends the Empowerment Zones for two more years, but not the Renewal Community Zones.  Fortunately for tax payers, the Empowerment Zone credit per employee is twice the amount of the Renewal Community credit.

 
 
Home | Newsroom | About Us | Upcoming Events | FAQ | Contact | Blog | RSS RSS
5670 Wilshire Blvd, Suite 1530, Los Angeles, CA 90036, Ph: 310-402-2780, Fax: 866-381-3118
© 2010 C&I Tax Consultants. All rights reserved.