Corporate Income – Texas Nov. 1, 2021 Texas has adopted changes to its franchise tax credit rule for research and development activities. The changes include: Incorporating the four-part test for “qualified research” in IRC §41(d); Clarifying the application of federal regulations; Defining “qualified research expenses” as the sum of in-house research expenses and contract research […]
The Maryland Innovation Investment Tax Credit program has officially launched. The program, which has $2M in funding for Fiscal Year 2022, will also help increase overall investments in current and emerging tech sectors, and boost the number of individual investors in Maryland. The Maryland Innovation Investment Tax Credit provides a refundable income tax credit to a qualified […]
Kansas—Corporate Income Tax: Changes to High-Performance Incentive Program Kansas issued a notice on changes made during the 2021 legislative session to the High-Performance Incentive Program investment tax credit for corporate income tax purposes. The notice clarified that a new law: Removes participation in the Kansas Industrial Training program or the Kansas Industrial Retraining program as […]
Texas has enacted a pilot program to provide a sales and use tax credit for businesses that employ apprentices. More information on the Texas Sales and Use Tax: Sales Tax Incentive for Employing Apprentices Offered Apprentice Sales Tax Incentive A $2,500 sales tax refund is available for each apprentice hired from a qualified apprenticeship program. […]
Companies that have yet to take advantage of two lucrative benefits, a tax incentive program and credits, offered by the State of Pennsylvania, still have a chance to apply now that deadlines have extended to December. These incentives support both young and established businesses by providing tax benefits and or cash to support growth. They […]
Ashmore Consulting is proud to join Pledge 1%, a global movement creating new normal where companies of all sizes integrate giving back into their culture and values. Pledge 1% empowers companies to donate 1% of product, 1% of equity, 1% of profit or 1% of employee time to causes of their choice. Over 1,500 companies in 40 countries have taken the Pledge and committed to give to communities around the world. Ashmore Consulting is excited to join Pledge 1%’s network of founders, entrepreneurs and companies around the globe that have committed to giving back.
