Architecture/Engineering/Design

Does Your Architectural or Engineering Firm Qualify for R&D Tax Credits?

Research & Development Credits are not just for scientists and software developers By Bradford G. Carlson; Paul J. Gerry, Jr., CPA, PFS; Martin E. Prendergast; Karen G. Timmermans, CPAGray, Gray & Gray, LLP If you think the Research & Development Tax Credits offered by the federal government are just for high technology, life sciences or computer …

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What is an IC-DISC and How Could It Save You Tax Dollars?

By Derek B. Rawls, CPA, MSTGray, Gray & Gray, LLP American companies exporting goods – and certain services – may be able to enjoy significant federal income tax savings through a little-known instrument known as an interest charge domestic international sales corporation (IC-DISC). You do not need to be a huge exporter to take advantage …

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Protecting Your Firm’s Most Valuable Asset: Its People

By Richard A. Hirschen, CPA, CGMAGray, Gray & Gray, LLP The federal government recently announced that the nationwide unemployment rate dropped to 5% in October, the lowest it has been since 2008. Professions like architecture, engineering and design are not immune to the effects of the tightening pool of workers. Not only is it more …

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Accounting for Marketing Expenses in Overhead Rate Calculations

By Richard Hirschen, CPA, CGMAGray, Gray & Gray, LLP Every year architectural and engineering firms spend money – lots of money – trying to generate new business and new projects. Your firm’s investment in marketing can run the gamut from advertising and direct mail, to a website and public relations, to entering design competitions in …

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