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Professionals on the Move – June 2025, Part II

CPA Practice

Prior to joining Crowe in 2002, he was a partner at Arthur Andersen, where he served clients in the consumer-packaged goods, manufacturing, distribution, pharmaceuticals, and healthcare industries. He also served on the Crowe Board of Directors and is recognized for his leadership both within the firm and across the market.

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Friday Footnotes: EY Pulls Out of Winston-Salem; Clients Exposed in Data Breach; Deloitte Olympians | 7.14.23

Going Concern

Prior to joining DLA, John served as a Partner with two National professional services firms, where he was the subject matter expert on business combinations, impairment analysis, income tax accounting, stock compensation, revenue recognition, and going concern analysis.

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Research & Development (R&D) Tax Credit Frequently Asked Questions

Cherry Bekaert

The R&D Tax Credit provides a dollar-for-dollar offset to taxable income for businesses that are paying taxes. The Protecting Americans from Tax Hikes (PATH) Act in 2017 created an opportunity for start-up companies to monetize the tax credit as an offset to employer-paid payroll taxes.

Tax 72
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Year-End Tax Planning Strategies for Businesses

KROST

The PATH Act also allows startup businesses with no federal tax liability and gross receipts of less than $5 million to take the R&D tax credit against their payroll taxes for tax years beginning after December 31, 2015, essentially making it a refundable credit capped at $250,000 for up to five years.