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Tax credits News

UK Gov R&D tax credits stats: What do they say about SMEs? Special

London - This year’s tax credit results reveal some surprising information about claims by SMEs. There has been a rise in the number of smaller claims by small SMEs, including start-up tech companies as Mark Smith of Ayming assesses.

Up to $7,500 tax credit on EV purchase survives latest tax bill

Washington - The US tax credit of up to $7,500 on the purchase of an electric vehicle (EV) has managed to survive in the latest Trump tax plan. An earlier House bill would have ended the Obama-era credit as of the end of this year.

Oklahoma governor signs bill to eliminate wind energy tax credits

Tulsa - On Monday, Oklahoma Governor Mary Fallin signed a measure to speed up the elimination of a state tax credit that goes to the wind industry. The legislation goes into effect on July 1, 2017.

U.S. Solar power industry growth in 2016 set new records

The U.S. solar industry is in the midst of some boom-times, showing its biggest growth ever in 2016, with solar capacity expected to nearly triple over the next five years.

Op-Ed: Big gun maker gets big tax subsidy from state government

Springfield - While many state lawmakers call for stricter gun controls, at the same time many states subsidize the gun industry. Smith and Wesson receives a large tax credit from the state of Massachusetts.

Obama Announces $2.3 Billion in Tax Credits for Clean Energy

On the day that it was confirmed there were 85,000 jobs lost in the U.S. in December the country's President Barack Obama announced that he hoped to create 17,000 jobs by allocating $2.3 billion in tax credits to the clean energy manufacturing sector.

Bigger Paychecks Could Be Appearing In A Wallet Need You Soon

Barack Obama's plan to stimulate the economy may mean a heftier wallet come pay day. Using a tax break system for American's earning under $50,000 paychecks during the first quarter of the year will be larger.

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