Recent changes in legislation allow early-stage, pre-revenue, companies to take advantage of the Federal R&D tax credit. Many caught the change and claimed up to $250K, but even more missed it. Fortunately, there is still time to claim it by amending your business’ return; but time is running out.
The tax reform bill making its way through Congress could end or significantly impact tax credit and incentive programs that have greatly benefitted real estate development projects in Ohio, Florida and across the country.
In a recent presentation to a Cleveland Civic Leadership Institute class, LAND studio Executive Director Greg Peckham described some of the creative approaches that real estate developers, architects and designers are taking in converting old and/or underutilized urban spaces and buildings to livable, attractive places.
On December 12, 2016, a three-alarm electrical fire broke out in a building in Akron’s historic district, quickly spreading to buildings within its proximity and engulfing them in smoke, including the four-story, mixed-use building next door. One of Skoda Minotti’s clients, a marketing business in that building, suffered extensive smoke damage to the company’s electronics […]
The biomedical industry in Northeast Ohio is healthy and growing. But why?
Congress recently made the R&D tax credit permanent after more than three decades of year-to-year uncertainty. That’s great news by itself. But there’s more: namely, a new $250,000 payroll offset provision which will finally allow start-ups and early-stage companies to reap the benefits of this prized business credit.
Our “best guesses” continue to be refined through analytics and the power of data. If we apply the recent history of life science organizations in the U.S. to 2016 manufacturing, R&D, distribution and financial models, we can establish a baseline for what to expect in 2016.
As an early stage venture – or an existing company with new technologies – it is vitally important to prepare a financial budget, then use it each month (or week, or even day) to ensure you are meeting your expectations.
If you are an early-stage, pre-round company with venture capital relationships, make sure they know about this exciting program!
Builders and developers have earned recognition in the past 10 years for elevating the U.S. Green Building Council’s Leadership in Energy & Environmental Design (LEED) program into an industry standard, but the commercial real estate experts in charge of the next step – how the sustainability plans get carried out – have been ignored until […]