The Tax Exchange - February 2017
We’ve seen an increase in business interest in the research and development (R&D) tax credit since it was made permanent by the Protecting Americans from Tax Hikes Act of 2015.
Recently, Pennsylvania Gov. Wolf announced his proposed budget for the Commonwealth’s fiscal year. The estimated deficit for the Commonwealth is approximately $3 billion through the next two fiscal years – one of the largest potential deficits of any state this budget season.
We are frequently called in to meet with companies that are looking to outsource or co-source their tax function. For many, the decision to take that approach has already been made and the company is simply evaluating providers, looking for the right fit.