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What Your Clients Need To Know About Federal R&D Tax Credits

Many small- and medium-size businesses (SMBs) may be missing out on an opportunity to reduce their payroll taxes through research and development (R&D) tax credits. R&D doesn’t apply just to organizations doing hard core science. In fact, any business in any industry that is investing time, effort, and resources to improving products, processes, or solutions is eligible for the federal R&D tax credit and possibly state R&D tax credits.

Driving the Innovation Cycle

Every day, data is used to better understand and predict behavior and often holds the answer as to whether something needs improving. To design a good product, for example, businesses must be proactive, anticipate what the customer needs and find a solution. It’s a cycle of learning what interrupts the product user’s daily work and then utilizing that knowledge to design and continuously improve the product.  This process doesn’t just apply within the walls of a tech organization, either. It’s t...

How CPA Firms Can Prepare for Illinois’ Pay Transparency Law

Despite efforts to combat pay inequality over the past six decades, pay gaps persist in the United States, especially among women and underrepresented people. In 2017, only four states banned employers from asking applicants about previous pay, a practice that can perpetuate pay inequities. As a result, pay transparency (i.e., disclosing the pay range for an advertised job) has become a growing practice in addressing pay inequity in the workplace, with laws being enacted in states and cities acr...

Professional Employer Organizations (PEOs): Are they an HR help, or HR hindrance? | TLNT

In recent weeks, Professional Employer Organizations (PEOs) have been making the news again – particularly as a way of helping smaller businesses (who may not be large enough to justify having an HR team) offer a wider range of HR services.

For those who may not know the ins and outs of what a PEO is, in simple terms a a PEO manages various employee administration tasks on behalf of a business.

Under the terms of a typical employer-PEO relationship, both the business and the PEO share certain...
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