Nov. 18, 2021 Small businesses investing in certain energy technologies are eligible for a new federal grant program under the Infrastructure Investment and Jobs Act. The Infrastructure Investment and Jobs Act ( H.R. 3684) (IIJA), signed into law by President Biden on November 15, 2021, establishes the Advanced Energy Manufacturing and Recycling Grant Program for small businesses […]
Ways & Means subpanel holds Opportunity Zone hearing Nov. 18, 2021 The House Ways & Means Oversight Subcommittee November 16 held a hearing, “The Opportunity Zone Program and Who It Left Behind,” that focused on potential improvements to the program, including more accurate data, a refundable tax credit element, and new qualification parameters. Reforming the program could […]
CalCompetes has added a new grant program in the state’s 2021/2022 budget. $120 million in funding is available, with individual awards up to $36 million. The application period opens January 3 and closes January 24. This is a great opportunity for companies that typically would not be able to take advantage of a tax credit […]
Signed on May 14, H.B. 629 enacted Grow Montana Jobs, an annual Job Growth Incentive Tax Credit (Job Growth Credit). This new credit is a nonrefundable annual job growth incentive credit against state income tax available for calendar years 2022 through 2028. The credit is equal to 50% of Montana FICA taxes paid by an employer multiplied by the […]
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 […]
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.
