Sandhya Mukkamala, CPA, Partner and Co-Founder at Astute, advises clients on R &D Tax incentives, strategizing Tax planning, Technical accounting, Forensic Audits, and other corporate compliance related matters. She has more than 15 years of experience in audit and review engagements, complex M&A due diligence audits, Accounting for Income Tax Provisions (ASC-740) and Corporate Tax planning for private and public sectors. Contact me
On October 15, 2021, the Chief Counsel of the IRS quietly released a new procedural requirement for businesses claiming refunds for research tax credits, kicking up some clouds of doubt and frustration. As the IRS undertakes this new initiative to validate claims, it leaves many businesses wondering about the status of their refund. This is …
Mention the words “tax break” in any business setting, and heads turn. If there’s a way to save a company money, people want details. But when you hear it’s an R&D tax credit—and you’re a manufacturing firm—it may not sound like headline breaking news. You may have always assumed that other industries, such as big …
Manufacturing Firms—Don’t Miss Out on Your R&D Tax Credit Read More »
In August 1981, the personal computer revolution was powering up; that’s when IBM released its first PC. This was the catalyst that inspired tremendous innovation in the IT and software arenas. After 2008, there was a major acceleration in the tech industry with an introduction of app-based services, utilization of big data, AI, and machine …
How Tech Companies Can Qualify For R&D Tax Credit Read More »
The Paycheck Protection Program (PPP) was established under the CARES Act (Coronavirus Aid, Relief, and Economic Security Act) to provide financial resources to small and mid-sized businesses. These funds were distributed to help companies cover certain expenses and maintain their payroll during the pandemic. You may have seen some reports circulating on the topic …
The Impact Of PPP Loan Forgiveness On R&D Tax Credit Read More »
Our research indicates that most small businesses are unaware of an R&D tax credit. They don’t understand how it can help them earn up to 13.5 cents for every qualified dollar! Due to a lack of information surrounding this unique tax credit, it is easy to assume that the credit is only meant for research …
R&D Tax Credit Isn’t Restricted To Research Labs – Your Business May Be Eligible, Too! Read More »