On March 30, 2017, the IRS released interim guidance explaining how eligible small businesses can take advantage of the Research & Experimentation (R&E or R&D) tax credit by electing to offset their 2017 payroll tax liability instead of their income tax liability.
On March 28 and 29, the InvestMidwest Venture Capital Forum was held in Kansas City, Missouri. The event featured several dozen early stage companies pitching to investors and was a great opportunity to showcase emerging companies in the life sciences, technology and food and ag-tech industries. The 2017 conference highlighted all of the startup and innovation activity occurring throughout the Midwest. RubinBrown attended the event, sitting in on the “Food/Ag/Bioenergy” track.
It’s tax season and RubinBrown team members are hard at work for our clients! We thank you for your trust in us and your business. Although the tax deadline (April 18) is a month away, we are requesting 1040 client tax documents be to us by Friday, March 24. This will ensure we are able to file timely for you.
Global venture capital (VC) investment cooled off in 2016, following 2015’s record high levels. Overall VC deal flow slowed nearly 25%, while dollars invested dropped 10%. Poor IPO performance and political uncertainty drove a hesitant fourth quarter, rounding out the down year. The agtech industry was impacted by the global VC decline, yet we see reasons to be optimistic.