Soar to Success January 2017

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Tina L. Moe, C.P.A., CGMA, formed A.C.T. Services in 2002, and began building
her business. Her practice has grown to a clientele more than 1,200 clients and a
team of more than a dozen staff members. Tina attributes her business growth
to being proactive with her clients, maintaining affordability and accessibility of
the business owner herself.
Tina is a member of the American Institute of Certified Public Accountants (AICPA)
and the Indiana CPA Society.
Contact her at: and on
Watch Tina’s video series
both owners and employees
performing a qualified service
as well as supplies that are
directly attributable to the
qualified research activities.
If you contract your research
activities out, you may be able
to claim up to 65% of these
expenses as well.
As with most, if not all tax
deductions and credits, the
IRS does require certain
documentation to substantiate
the R&D credit. There are
2 methods available when
documenting your qualified
research activities; the project
approach and the departmental
approach.
The project approach requires
detailed time tracking
throughout your project and the
departmental approach uses
various sources of information
to develop a time estimate. The
R&DTax Credit andother related
tax breaks save U.S. businesses
more than $12 billion annually.
If you’re engaged in any activities
that you think might qualify, it’s
worth taking a closer look at the
R& D Credit.
If you have questions about
this or other tax and accounting
topics, or visit
SOAR TO SUCCESS / January 2017 / Core Business Strategies