# FI Group USA
## News
- [NEWS RELATED TO CENSUS BUREAU](https://www.fi-group.us/news-related-to-census-bureau/): The United States Census Bureau released preliminary estimates from the Annual Integrated Economic Survey (AIES) which provides key measures of economic activity, including the only comprehensive national and subnational data on business revenues, expenses and assets on an annual basis, allowing to track economic trends, assess industry performance, support police development and inform economic planning, resource allocation and market.
- [How R&D is Transforming the Food Industry: Tax Credits You Should Know About](https://www.fi-group.us/how-rd-is-transforming-the-food-industry-tax-credits-you-should-know-about/): The food market evolves rapidly, encompassing both fresh and processed foods. This sector is seeing increasing adoption of new technologies, data-driven insights, and agile methodologies that can accelerate product innovation, resulting in faster responses to changing consumer preferences and market trends. 
- [ONE, BIG, BEAUTIFUL BILL ACT](https://www.fi-group.us/one-big-beautiful-bill-act/): Today, the bill knowledge as “One Big Beautiful Bill” (H.R. 1) was passed in House of Representatives, on agreeing to the Senate amendments, which, among other decisions, change the rules of the Section 174 of U.S. Code, related to Amortization of R&D Expenditures.
- [The ONE, BIG, BEAUTIFUL BILL: Your Guide to Its Impacts](https://www.fi-group.us/the-one-big-beautiful-bill-your-guide-to-its-impacts/): On July 1st, the H.R. 1 – the “One Big Beautiful Bill Act” – was passed by the Senate after an extended and contentious session filled with vigorous debates and discussions among lawmakers. The final vote tally was notably close, with a narrow margin of 51 votes in favor and 50 against. Vice President JD Vance, serving in his capacity as the President of the Senate, played a crucial role by casting the deciding vote that ultimately allowed the bill to advance.
- [Significant Changes to the Texas Research and Development Tax Credit: New Guidelines Starting in 2026 ](https://www.fi-group.us/significant-changes-to-the-texas-research-and-development-tax-credit-new-guidelines-starting-in-2026/): The Research and Development (R&D) Tax Credit offered in Texas, currently defined and governed by Chapter 171 – Subchapter M, is set to undergo significant changes beginning next year. This transformation follows the approval of Bill SB 2206 by the Texas Senate and its subsequent signing by the Governor.
- [Why is data security important when you choose a R&D tax credit provider?](https://www.fi-group.us/why-is-data-security-important-when-you-choose-a-rd-tax-credit-provider/): As an organization that develops Research and Development (R&D) projects, your company is probably always dealing with much information: that means your data and intellectual property are high-value targets and may be threatened by cyber actors searching to steal important knowledge, disrupt your R&D activities, alter or destroy information and stopping the ongoing growth of your research and discovery.
- [Tax Reform and Innovation: The Impact of the “One Big, Beautiful Bill Act”](https://www.fi-group.us/tax-reform-and-innovation-the-impact-of-the-one-big-beautiful-bill-act/): One of Donald Trump’s signature campaign promises regarding tax reform is being proposed in Congress with the introduction of the ambitious bill entitled the “One Big, Beautiful Bill Act.” This multifaceted bill is designed to address a broad spectrum of issues vital to the nation’s well-being and economic future. After undergoing a series of comprehensive amendments, it was approved by the Budget Committee on May 18, 2025.
- [Innovation in the Clouds: The Role of R&D in the Aerospace Industry](https://www.fi-group.us/innovation-in-the-clouds-the-role-of-rd-in-the-aerospace-industry/): One of the most critical aspects of the aerospace industry is research and development (R&D), which plays a pivotal role in driving innovation and ensuring long-term competitiveness. Aerospace companies worldwide employ skilled designers, engineers, and scientists dedicated exclusively to researching and developing advanced aircraft and innovative aerospace technologies. These R&D departments are not only expanding in size but also influence, becoming integral to the strategic planning and operational success of aerospace firms.
- [Form 6765: Understand the Section G changes and why it is important to be informed](https://www.fi-group.us/form-6765-understand-the-section-g-changes-and-why-it-is-important-to-be-informed/): The IRS recently released the updated version of Form 6765, which is used to claim the Credit for Increasing Research Activities. Among other things, new sections have also been added, including Section E (Other Information) requiring additional details in their submissions, including the number of distinct business components that are generating Qualified Research Expenses (QREs).
- [Embracing Sustainability in Research and Development: A Key to Our Future](https://www.fi-group.us/embracing-sustainability-in-research-and-development-a-key-to-our-future/): Over the past decade, leaders and organizations around the world have increasingly prioritized sustainability, recognizing its vital importance in today’s economic climate. This shift is driven by the urgent need to address the multifaceted challenges of climate change, such as rising global temperatures, extreme weather events, and deteriorating ecosystems, which threaten both natural environments and human livelihoods. There is now broad consensus among business leaders, policymakers, and environmental advocates that integrating sustainable practices into corporate strategies is essential to environmental stewardship and crucial to long-term business viability.
- [Reasons to Initiate an R&D Tax Credit Study Before the Tax Deadline ](https://www.fi-group.us/reasons-to-initiate-an-rd-tax-credit-study-before-the-tax-deadline/): Amid the daily demands of business and various obligations, tax responsibilities can easily be postponed, giving the impression that they can be managed later. However, leaving these matters to be addressed later can result in substantial losses and delays, hindering your business rather than supporting it.
- [Exploring the Impact of NGOs in the United States](https://www.fi-group.us/exploring-the-impact-of-ngos-in-the-united-states/): Named this way for the first time in Article 71 of the United Nations Charter, Non-Governmental Organizations (NGOs) encompass a wide range of activities that contribute to social change and community development and are defined as non-profit entities independent of government influence.
- [Understanding the New Administration’s First Executive Orders: Impact and Significance](https://www.fi-group.us/understanding-the-new-administrations-first-executive-orders-impact-and-significance/): Shortly after being sworn in for his second term as president on January 20, 2025, Donald Trump signed a series of executive orders that will advance his agenda in front of a crowd of supporters and allies.
- [Accounting for R&D Tax Credits](https://www.fi-group.us/accounting-for-rd-tax-credits/): Receiving a significant R&D tax credit refund can be exciting, but figuring out how to properly account for it in your financial records may feel overwhelming. You might be wondering: where does this refund go in your books? Should you apply it directly to payroll taxes or create a separate account? These are important questions, as the way you account for the refund can impact your financial statements and reporting clarity. But don’t worry, we'll show you how to correctly record the refund, making sure your records are clear and follow the rules.
- [Guide to R&D Tax Credits for Architects](https://www.fi-group.us/guide-to-rd-tax-credits-for-architects/): Before May 2023, R&D tax credits were largely out of reach for architecture firms. The IRS had strict criteria that excluded many activities common to architects, such as designing, testing, and improving building systems. However, a landmark ruling in May 2023 and subsequent changes in tax regulations have opened the door for architectural firms to claim these credits. This shift represents a significant opportunity for firms to reduce their tax liabilities and push innovation.
- [Guide to R&D Tax Credits for Construction Industry](https://www.fi-group.us/guide-to-r-d-tax-credits-for-construction-industry/): When it comes to innovation, the construction industry is often overlooked. Many assume that research and development (R&D) tax credits are only available to tech companies or large corporations. This misconception leads many construction firms to miss a significant opportunity to cut costs and invest in improvements.
- [How to Handle an R&D Tax Credit Audit](https://www.fi-group.us/how-to-handle-an-rd-tax-credit-audit/): Dealing with an R&D tax credit audit can feel stressful, especially if you’re unfamiliar with the process. Feeling concerned about the possible audit after a successful R&D tax credit claim is normal. You should know that audits are quite rare, but even if you are “lucky enough” to have them, good preparation will let you pass them without any problems.
- [US Election: How the Upcoming Decision Could shape Tax Planning](https://www.fi-group.us/us-election-how-the-upcoming-decision-could-shape-tax-planning/): November brings the elections and with it, the much-needed fiscal measures currently stuck in the Senate: according to legislative experts, tax professionals, and consultants, changes to the Tax Cut and Jobs Act (TCJA) are expected as the expiration date of the provisions draws ever closer. As such, there’s no shortage of insight from different legislative experts into the policies at stake:
- [How to Take Care of Your R&D Tax Credit Documentation](https://www.fi-group.us/how-to-take-care-of-your-rd-tax-credit-documentation/): Having proper documentation is critical when you are applying for R&D tax credits. Without the right records, you may face issues like:
- [From Concept to Credit: Optimizing R&D Investments for American Businesses ](https://www.fi-group.us/from-concept-to-credit-optimizing-rd-investments-for-american-businesses/): The modern market is highly competitive, and differentiating your business from others is always key to making your company increasingly known among your target audience. Standing out almost always depends on finding and proving your authenticity and value.
- [R&D in MRO and Aviation](https://www.fi-group.us/rd-in-mro-and-aviation/): The aviation industry is primarily driven by the increasing demand for air travel and the expansion of airline fleets. These factors have resulted in a continuous rise in passenger traffic and a push for improvements in aircraft safety and fuel efficiency. It's also worth noting the significance of the country's military aviation sector, with the U.S Department of Defense consistently allocating substantial resources for the maintenance and modernization of military aircraft, utilizing technologies like radars and mission computers.
- [R&D in the Biotechnology Industry ](https://www.fi-group.us/rd-in-the-biotechnology-industry/): The biotechnology industry is driven by innovation: it’s a sector where it’s important to constantly seek new solutions in different areas, and where the results of research and development are present in our daily lives. The industry brings new treatments and diagnostic tools to the population, revolutionizing the production of crops and products, as well as studies for the development of clean energy and waste reduction.
- [R&D: U.S. Trends and International Comparisons](https://www.fi-group.us/rd-u-s-trends-and-international-comparisons/): Research and Development (R&D) is a key element of the U.S economy, being enforced by many industries, from technology to healthcare, in both the public and private sectors. R&D refers to creative and systematic work that aims to increase state knowledge and is divided into three categories: basic research, applied research, and experimental development. This can result in tangible, intangible, or intellectual property (PPI) products, contributing to innovation, production, productivity growth, competitiveness, and public policy objectives internationally.
- [What Are Considered Qualified Research Expenses?](https://www.fi-group.us/what-are-considered-qualified-research-expenses/): Qualified Research Expenses (also known as QREs) are central to Research and Development (R&D) Tax Credit: they are what can be claimed as a useful expense to obtain the benefit in the US.
- [R&D Tax Credits in Healthcare Industry](https://www.fi-group.us/rd-in-healthcare/): In the Healthcare sector, R&D plays a significant role in several areas, from the development of new medicines to the establishment of new methods and procedures. Generally, the duration of projects in this sector is quite long – especially when we talk about the development of new drugs, which can take up to fifteen years to be researched and completed, with no guarantee of success.
- [R&D Tax Credits for Engineering Firms: What you Need to Claim Them](https://www.fi-group.us/r-d-tax-credits-for-engineering-firms/): Running an engineering firm isn't easy. You're constantly pushing boundaries, solving complex problems, and developing innovative solutions. But all this innovation comes at a cost. You're likely facing tight budgets, expensive equipment needs, and the pressure to stay competitive in your industry. It's a tough balance to strike – you want to keep innovating, but you also need to watch your finances.
- [How to Calculate R&D Tax Credit](https://www.fi-group.us/how-to-calculate-rd-tax-credit/): The R&D tax credit presents a valuable opportunity for innovative companies to get a tax break for their investments in developing new products and technologies. However calculating the credit can be complex, leaving potential savings on the table. Don’t let the details deter you. With the right guidance, you can unlock the full benefits of this powerful incentive.
- [R&D Tax Credits Demystified, Your Key to Innovation Financing in the USA](https://www.fi-group.us/rd-tax-credits-demystified-your-key-to-innovation-financing-in-the-usa/): Innovation is the key and the force driving many sectors, involving many agents, from companies to institutions and governments. Therefore, it is no surprise that the importance of Research and Development (R&D) activities is being increasingly recognized and promoted, especially by promoting the economic growth of different countries.
- [Why Choose FI Group as a Partner?](https://www.fi-group.us/why-choose-fi-group-as-a-partner/): Partnerships are always an important part of a business – they are symbiotic relationships of two or more people or companies that work together to achieve a common goal. Strategic and trustworthy partnerships can give you access to a range of experiences, knowledge, and skills.
- [Our Tailored End-To-End Approach Meets Your Needs!](https://www.fi-group.us/our-tailored-end-to-end-approach-meets-your-needs/): When looking for a service or partnership, it is important to know how the process is executed at each step to meet your objectives and resolve pain points. FI Group’s tailored end-to-end methodology aims to serve each client profile and its processes. Our team aids and educates companies on identifying, claiming, and investing in their R&D activities.
- [Recent developments and trends in US innovation financing](https://www.fi-group.us/recent-developments-and-trends-in-us-innovation-financing/): In recent years, Research and Development (R&D) has grown dramatically in the USA: investments have given rise to many technologies that have become part of everyday life, such as the internet and smartphones, and essential resources for health, such as new vaccines and therapies. All these innovations fueled economic and military power and propelled the country to its status as a global superpower.
- [IRS: new update aims to drive transformation and highlights increased audits](https://www.fi-group.us/irs-new-update-aims-to-drive-transformation-and-highlights-increased-audits/): On Thursday (05/02), the Internal Revenue Service (IRS) published the update of its Strategic Operating Plan, initially released last April. The new update outlines future improvements in services and technology for taxpayers and tax professionals, while increasing audit rates for large partnerships, big corporations, and the wealthy.
- [US and UK announce new partnership focused on AI security, standards, and R&D](https://www.fi-group.us/us-and-uk-announce-new-partnership-focused-on-ai-security-standards-and-rd/): In the beginning of April, the United States and the United Kingdom announced a new partnership focused on artificial intelligence and its development, including tests for the most recent models, applications, and capabilities.
- [R&D Tax Credit Examples For Different Industries](https://www.fi-group.us/rd-tax-credit-examples-for-different-industries/): The R&D (Research and Development) tax credit is a great way for your businesses to save money. It helps companies of all sizes get some cash back for spending on new and improved ideas. These ideas can be about making better products, creating new technology, etc.
- [R&D Tax Credits in Chemical Sector](https://www.fi-group.us/chemical-sector/): The chemical industry is one of the main export sectors of the US manufacturing industry: representing 13% of chemical product shipments, the US became the second largest chemical producer in the world in 2022, and can be also considered a constantly expanding market, being the second largest manufacturing industry in the country.
- [The Benefits of Claiming R&D Tax Credits for Startups](https://www.fi-group.us/benefits-of-claiming-rd-tax-credits-for-startups/): As a startup, every dollar counts. You're trying to stretch your limited funding as far as possible while building your business. One way to free up some extra cash is through R&D tax credits.
- [R&D Tax Credits in the Manufacturing Sector: What are they and how to claim](https://www.fi-group.us/manufacturing-sector/): The manufacturing market covers a range of physical goods, which includes the creation of finished products from raw materials or semi-finished products, as well as the assembly, installation and repair of industrial machinery and equipment, and encompasses several other sectors.  
- [SECTION 174 CHANGES: The Tax Deal moves forward at fast pace in Congress](https://www.fi-group.us/section-174-changes-the-tax-deal-moves-forward-at-fast-pace-in-congress/): The U.S. R&D market's full attention is directed toward Congress due to the bipartisan tax deal that promises to turn upside down the treatment of domestic Research and Experimental (R&E) expenses under Section 174.
- [SECTIONS 174 CHANGES: How this new bipartisan deal could change the U.S. R&D landscape](https://www.fi-group.us/sections-174-changes-how-this-new-bipartisan-deal-could-change-the-u-s-rd-landscape/): The U.S. R&D market has been in a frenzy since the announcement of the bipartisan deal - The Tax Relief for American Families and Workers Act of 2024 – on January 16, 2024. Although it contains a robust pack of legal changes in a wide range of areas, the deal is proposing to solve – at least for now - the most prominent issue that taxpayers that perform R&D activities have faced in recent years: the capitalization and amortization of section 174 research expenditures.
- [How Environmental Innovation Qualifies for Tax Credits](https://www.fi-group.us/how-environmental-innovation-qualifies-for-tax-credits/): In a world where the urgency for sustainable solutions echoes louder than ever, organizations embracing the mantle of environmental innovation find themselves at the forefront of change. Beyond the altruistic pursuit of a greener planet, there lies a compelling financial incentive waiting to be unearthed. 
- [TCJA and a tax deal: what could this mean for R&D?](https://www.fi-group.us/tcja-and-a-tax-deal-what-could-this-mean-for-rd/): Since 2022, under a provision in the 2017 tax law, businesses have been required to amortize their R&D costs over a five-year period, contradictorily to the same-year expensing that occurred over several decades.
- [The Role of Technology in R&D Tax Credit Claims](https://www.fi-group.us/the-role-of-technology-in-rd-tax-credit-claims/): The ever-evolving business landscape continuously demands innovative solutions and advancements. Research and Development (R&D) is a crucial aspect of this evolution, pushing the boundaries of discovery and invention. Alongside the importance of R&D, tax credits for these efforts play a vital role in fostering innovation within businesses, from startups to major corporations.
- [Biopharma in the U.S. innovation ecosystem: why is the sector so important?](https://www.fi-group.us/biopharma-in-the-u-s-innovation-ecosystem-why-is-the-sector-so-important/): The United States is characterized by a complex ecosystem of universities, venture-backed start-ups, and larger biopharmaceutical companies, as well as a range of policies including strong intellectual property (IP) protection, financing government of basic biomedical research and a drug pricing system that allows pharmaceutical companies to invest in R&D.
- [IRS extends time to ‘perfect’ R&D tax credit claims](https://www.fi-group.us/irs-extends-time-to-perfect-rd-tax-credit-claims/): The Internal Revenue Service is once again extending for another year the transition period during which taxpayers have 45 days to perfect a research credit claim for refund before the IRS makes its final decision about the claim. They will now have through Jan. 10, 2025, to perfect the claim.
- [Navigating the World of R&D Incentives: Key Factors to Consider for Success](https://www.fi-group.us/navigating-the-world-of-rd-incentives-key-factors-to-consider-for-success/): In the dynamic world of business, staying ahead of the curve often involves extensive research and development (R&D). However, navigating the labyrinth of R&D incentives can feel like embarking on an epic odyssey filled with complexities and uncertainties. But fear not! With the right strategies, this journey can lead to a treasure trove of benefits that could propel your business into new realms of innovation and success. 
- [Research and Development Expensing: Why It is Important](https://www.fi-group.us/research-and-development-expensing-why-it-is-important/): Through the years, Research and Development (R&D) has always played an important role in the US economy and its growth, creating millions of jobs, and developing innovative technologies, allowing the country to stay ahead of competing nations. Investments in R&D are central for long-term technological change and innovation, and the private sector has long led the front line in R&D, with several small and medium-sized companies dedicated to developing new products and technologies and bringing even more innovation to the country.
- [New Requirements for R&D Tax Credit in the United States: What You Need to Know](https://www.fi-group.us/new-requirements-for-rd-tax-credit-in-the-united-states-what-you-need-to-know/): On September 15, 2023, the IRS released a preview of proposed changes to Form 6765, inviting input from stakeholders on these revisions before the official release of the updated draft. These modifications are slated for implementation in fiscal year 2024, with taxpayers having until October 31, 2023, to submit their feedback to the IRS.
- [How Remote Work is Redefining R&D](https://www.fi-group.us/how-remote-work-is-redefining-rd/): Imagine sitting in your comfortable home office, a hot cup of coffee within arm's reach, while contributing to groundbreaking research and development projects. This isn't a futuristic fantasy; it's the reality for many professionals today. The shift towards remote work, accelerated by the COVID-19 pandemic, has not just changed our workspaces but also the dynamics of research and development (R&D). 
- [IRS releases new guidance on amortization of Specified Research or Experimental Expenditures under § 174](https://www.fi-group.us/irs-releases-new-guidance-on-amortization-of-specified-research-or-experimental-expenditures-under-%c2%a7-174/): Recently, the Internal Revenue Service (IRS) released Notice 2023-63 which has provided much needed insight as to the direction the IRS is leaning in terms of § 174 expenses. The treatment of specified research or experimentation (SRE) expenditures have changed for expenditures paid or incurred after December 31, 2021. Starting in 2022, SRE expenditures are now required to be capitalized and amortized over a 5-year period for activities within the US, and 15 years for foreign activities using the mid-year convention. R&D tax credits for software development was a category that was specifically named in the list of expenditures that must be included when calculating § 174 expenditures. This has caused many businesses to reassess their strategic plans due to the changes in financial circumstances.
- [How can the Machinery and Equipment Industry get tax credits with its investments in R&D?](https://www.fi-group.us/how-can-the-machinery-and-equipment-industry-get-tax-credits-with-its-investments-in-rd/): The R&D Tax Credit is a government-sponsored tax incentive available to companies that conduct research and development activities in US based manufacturing companies.
- [Innovation Through Collaboration – Best Practices for Partnering on R&D Projects](https://www.fi-group.us/innovation-through-collaboration-best-practices-for-partnering-on-rd-projects/): The race to innovate has never been more critical, and collaboration is emerging as the secret ingredient for success in research and development (R&D) projects. By pooling together diverse perspectives, skills, and resources, organizations can overcome barriers and unlock their full potential. 
- [2022 R&D Tax Credit Guidance/Takeaway – IRC Sec 174 vs Sec 41](https://www.fi-group.us/2022-rd-tax-credit-guidance-takeaway-irc-sec-174-vs-sec-41/): The R&D tax credit is still one of the most significant tax incentives available today. The R&D credit increases cash flow, rewards companies for hiring technical employees, reduces NOLs (if applicable), it can be carried forward, and prior years credits will significantly reduce taxable income. It provides an incentive for companies to increase their innovation and improvement activities, being available to both public and private companies. Some industries that qualify include, but are not limited to: 
- [<strong>R&D Credit 280(c): software companies across U.S. say they could have their survival threatened in the next years.</strong>](https://www.fi-group.us/rd-credit-280c-software-companies-across-u-s-say-they-could-have-their-survival-threatened-in-the-next-years/): Section 41 of Tax Cuts and Jobs Act of 2017 (TCJA) Section 174 provides a tax credit to incentive taxpayers to invest in research and development. But, since the beginning of 2022, Section 280(c), which has the purpose of avoiding bigger modifications on federal taxes and houses the provisions related to research and development (R&D), indicates that a taxpayer must reduce the amount chargeable of to a capital account only if the gross R&D amount exceeds the amount of the allowable research deduction for the year.
- [Aerospace & Defense](https://www.fi-group.us/aerospace-defense/): It is not a secret that the Aerospace & Defense sector is currently one of the most relevant in the US market. Lately, this industry has been growing at a steady rate, being the focus of large investments, with North America being the biggest contributor to the worldwide market’s growth and turning it into the equivalent of around 3% of the national GDP.
- [Qualifying R&D Credit Activities for Software Developers](https://www.fi-group.us/qualifying-rd-credit-activities-for-software-developers/): Software developers often create new products or improve existing ones. This work can be expensive. The good news is that the government offers tax credits to help with these costs. These are called Research and Development (R&D) tax credits.
- [How Can R&D Tax Credits Benefit The Food Science Industry?](https://www.fi-group.us/how-can-rd-tax-credits-benefit-the-food-science-industry/): The food industry is constantly evolving, with new advancements being made every day. Businesses in this field invest heavily in research and development (R&D) to keep up with the latest trends, develop new products and stay ahead of the competition. However, R&D expenses can be quite significant, and businesses need to find ways to optimize their spending. This can be done through R&D tax credits; let's explore how they can benefit businesses in the food science industry.
- [R&D amortization: how it changes the U.S innovation scenario](https://www.fi-group.us/rd-amortization-how-it-changes-the-u-s-innovation-scenario/): With the beginning of 2023, the implementation of R&D amortization in the last year, included in the 2017 TCJA Section 174, has already had impact on U.S companies developing projects. Until 2022, the deductions for R&D costs were paid over a single year – but, since January, this cost needs to be spread out over 5 years (for domestic research) or 15 years (for international costs). 
- [Research & Development Tax Credit](https://www.fi-group.us/new-2022-rd-regulations/): The R&D tax credit is still one of the most significant tax incentives available to your clients.
- [Tax Credits You Can Gain When You Invest In New Products Or Processes In The US](https://www.fi-group.us/tax-credits-you-can-gain-when-you-invest-in-new-products-or-processes-in-the-us/): As a business owner, you want to maximize your profits as much as possible. One way to do that is by taking advantage of the various tax credits available to businesses that invest in new products or processes within the US. 
- [IRS updates guidance on R&D expensing](https://www.fi-group.us/irs-updates-guidance-on-rd-expensing/): The Internal Revenue Service and the Treasury Department released updated guidance on accounting method changes for research and development expenditures after a revenue-raising provision of the Tax Cuts and Jobs Act of 2017 took effect despite efforts by lobbyists to extend the tax break.
- [The Advantages of R&D for Small Businesses](https://www.fi-group.us/the-advantages-of-rd-for-small-businesses/): Small businesses that are considering conducting research and development activities should carefully examine the potential benefits of R&D tax credits. These benefits can include reducing income taxes, claiming valuable deductions and carrying forward any unused credit amounts to future years. 
- [Inflation Reduction Act Payroll Tax Credit](https://www.fi-group.us/inflation-reduction-act-payroll-tax-credit/): The Protecting Americans from Tax Hikes Act created a permanent incentive for eligible start-up companies to pursue R&D activities within the United States.
- [Beyond Labs: How America ranked the 2nd position in the Global Innovation Index](https://www.fi-group.us/how-america-ranked-the-2nd-position-in-the-global-innovation-index/): The United States has just ranked 2nd on the new Global Innovation Index (GII), produced by World Intellectual Property Organization (WIPO). Published on September 29th, the report analyzed 132 countries and their economies. Besides reuniting the current science and technology (S&T) market results, the GII data also highlights where there is still potential to create innovation. 
- [Global Innovation Index: What does WIPO predict for the future?](https://www.fi-group.us/global-innovation-index-what-does-wipo-predict-for-the-future/): The pandemic has pushed innovation to new limits, but what does it mean to the future of business universe? On its newest report, the World Intellectual Property Organization brings some insights. 
- [IRS extends time to ‘perfect’ R&D credit claims](https://www.fi-group.us/irs-extends-time-to-perfect-rd-credit-claims/): The Internal Revenue Service is giving companies and tax professionals another year to fix up their claims for the research and development tax credit.
- [Explaining R&D Tax Credits: Comprehensive Guide](https://www.fi-group.us/rd-tax-credits-explained/): The Research and Development (R&D) Tax Credit is a government-sponsored tax incentive that rewards companies for conducting research and development within the United States. These tax credits benefit both small and large corporations alike and are available to a wide variety of industries in the applied sciences field and other technical research areas. 
- [IP & Patents are R&D Tax Credit Opportunities ](https://www.fi-group.us/ip-patents-are-rd-tax-credit-opportunities/): The R&D tax credit can be a valuable tool for any companies that conduct R&D, including the invention of patented products and processes. It provides a substantial credit on qualifying expenditures. 
- [R&D Tax Incentives for the Aviation and MRO Industries](https://www.fi-group.us/rd-tax-incentives/): Worldwide, the in-service commercial airline fleet forecasted to grow from nearly 25,000 aircraft at the beginning of 2022 to over 38,100 by 2032, an annual growth rate of 4.1%. The accelerated rate of new aircraft deliveries will result in a massive technology shift over the period and a post pandemic industry recovery after two years of turmoil. By 2032, 51% of the fleet will be new generation aircraft compared with 11% in 2022 and prepare a decade of growth for the industry. 
- [Buchanan unveils three bills with tax incentives to encourage innovation](https://www.fi-group.us/buchanan-unveils-three-bills-with-tax-incentives-to-encourage-innovation/): Three new bills recently introduced by U.S. Rep. Vern Buchanan (R-FL) would expand tax incentives to spur innovation that could lead to new cures and treatments for Americans.
- [R&D Tax Credit Opportunities – Intellectual Property/Patents](https://www.fi-group.us/rd-tax-credit-opportunities-ip-patents/): The R&D Tax Credit can be a valuable tool for companies that conduct R&D, including the invention of patented products and processes. It provides a 14% credit on qualifying expenditures.
- [The FI Group Podcast -Ep6 R&D Funding in Global Expansion: UK vs US](https://www.fi-group.us/the-fi-group-podcast-ep6-rd-funding-in-global-expansion-uk-vs-us/): It is great to be back with another new instalment of our series, The FI Group Podcast Episode 6. Each episode we look at a new sector and aspect of R&D Tax Credits alongside the work that we do at FI Group.
- [Why Choose FI Group?](https://www.fi-group.us/why-choose-us/): The FI Group is an International tax consultancy that specializes in the implementation of state and federal tax incentives and the research and development (R&D) tax credits for corporations. The FI Group team consists of CPA’s, engineers, IT, legal, and business operation specialists.
- [2021 R&D Tax Reform and Modifications](https://www.fi-group.us/2021-rd-tax-reform-and-modifications/): The R&D tax credit is a government-sponsored tax incentive that was created 38 years ago by Congress to entice companies to innovate and create technical jobs in the United States. Basically, it is a job credit that reduces federal and state income tax liabilities.
- [Definition & Eligibility Of Research & Development Tax Credit](https://www.fi-group.us/definition-eligibility-rd-tax-credit/): Did you know that the types of activities that would qualify you for the R&D Tax Credit are probably much broader than you would suspect and could include things such as technical sales, design engineering, formulation, process engineering, tool development, quality engineering and documentation?  FI USA helps you understand the difinitions and eligibilitiy for R&D Tax Credit.

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## Case Studies
- [Federal RDTC](https://www.fi-group.us/case-study/federal-rdtc/): Advanced Manufacturing Inc. (AMI), established in 1985 and based in Texas, is a leading aerospace components manufacturer renowned for its high-precision metal parts utilized in both commercial and military aircraft. With a commitment to innovation, AMI invests heavily in research and development (R&D) to meet the challenges posed by increasing fuel efficiency standards and competitive pressures.
- [Court Case: Siemer Milling vs. Commissioner](https://www.fi-group.us/case-study/court-case-siemer-milling-vs-commissioner/): Recent R&D case before the U.S. Tax Court which was ruled in favor of the commissioner and disallowed 100% of SIEMER MILLING’S 2011 and 2012 Research & Development (R&D) Tax Credit under Section 41.
- [Court Case: Populous Holdings,Inc. vs. Commissioner](https://www.fi-group.us/case-study/case-study-7/): Fi Group’s mission is simple: help clients with R&D tax incentives, Direct, and Indirect tax challenges, and needs, to allow them to focus on their business operations instead of wasting their limited time and resources distracted by the tax challenges they face.

## Partners
- [The New York State Society of CPAs (NYCPA)](https://www.fi-group.us/partner/the-new-york-state-society-of-cpas-nycpa/): Proud Partners of NYCPA – Empowering Financial Professionals Since 1897
- [Greater Miami Chamber of Commerce](https://www.fi-group.us/partner/greater-miami-chamber-of-commerce/): The Greater Miami Chamber of Commerce (GMCC) is an association of businesses and professions organized to create progress essential to attaining the social and economic needs of the community.
- [ProCFO Partners](https://www.fi-group.us/partner/procfo-partners/): ProCFO Partners are expert financial officers networked across industries, vertical, specializations and situations. ProCFO Partners has developed a network of more than 50 associated members across the USA, from New York to Chicago, Philadelphia to South Florida.
- [Accountants Resources Group](https://www.fi-group.us/partner/accountants-resources-group/): Accountants Resource Group (ARG) provides a professional community that doesn’t focus on forced networking or lead sharing. Rather it provides the tools needed to foster professional growth and set the foundation to create lasting business relationships and lifelong strategic partnerships. ARG is based in New York.
- [Trusted Advisors Council](https://www.fi-group.us/partner/trusted-advisors-council/): Trusted Advisors Council (TAC) focuses on developing and evolving valuable business relationships built on collaboration. TAC is based in Illinois.
- [Grant, Millman & Johnson P.C.](https://www.fi-group.us/partner/partner5/): FI Group provides the same level of care and attention that I would, delivering outstanding service, professionalism, and responsiveness. Their commitment to adding value and supporting you throughout the entire process is excellent.

## Resources
- [RDTC Readiness Checklist – GEORGIA](https://www.fi-group.us/resource/rdtc-readiness-checklist-georgia/): Before you finalize your September or October filings, make sure your claim is airtight. Our Quick R&D Tax Credit Readiness Checklist – Georgia Edition helps you spot missed opportunities, outdated documentation, and overlooked expenses.
- [Cosmetics, Beauty Supply & Personal Care: Applications for the R&D Tax Credit](https://www.fi-group.us/resource/cosmetics-beauty-supply-personal-care-applications-for-the-rd-tax-credit/): The cosmetics and personal care industry is growing owing to a huge demand for organic and natural products. Consumers are more aware of skincare, grooming, and physical appearance because of social and environmental concerns. Due to this, demand for chemical-free products has increased. Market players are innovating organic cosmetics and personal care products according to this new consumer preferences.
- [Computer equipments & peripherals: Applications for the R&D Tax Guide](https://www.fi-group.us/resource/computer-equipments-peripherals-applications-for-the-rd-tax-guide/): This market is expected to see steady growth in the next years due to increasing adoption of IoT devices, sustainable peripheral design, digital transformation initiatives, smart office solutions, voice-controlled peripherals.
- [Biotechnology Industry: Applications for the R&D Tax Credit](https://www.fi-group.us/resource/biotechnology-industry-applications-for-the-rd-tax-credit/): Biotechnology is a branch of science that develops, creates or modify products and processes by utilizing biological systems or living organisms. Every year, new technologies and products are developed for applications ranging from medicine, agriculture and manufacturing.
- [International R&D Tax Incentives Guide 2025](https://www.fi-group.us/resource/international-rd-tax-incentives-guide-2025/): The R&D Tax Incentives 2025 guide is an authoritative and visually compelling resource carefully designed to help you navigate and unlock global R&D Tax Incentives opportunities tailored to your specific needs.
- [Aerospace & Defense: Applications for the R&D Tax Credit](https://www.fi-group.us/resource/aerospace-defense-applications-for-the-rd-tax-credit/): Worldwide, the in-service commercial airline fleet forecasted to grow from nearly 25,000 aircraft at the beginning of 2017 to over 35,000 by 2027. The accelerated rate of new aircraft deliveries will result in a massive technology shift over the period. By 2027, 58% of the fleet will be new-generation aircraft.
- [International R&D Tax Incentives 2024](https://www.fi-group.us/resource/international-rd-tax-incentives-2024/): For more than twenty years, FI Group has assisted companies worldwide in financing innovation through R&D tax incentives and other financial sources.

## Sectors
- [Construction Industry](https://www.fi-group.us/sector/construction-industry/): The construction industry is full of challenges that require inventive solutions. Engineers, technologists, designers, and machinists spend a substantial portion of their time developing superior designs and manufacturing practices to remain competitive. Every construction project is unique, which means that construction companies have to adapt their processes and resources to suit each project.
- [Architecture & Engineering](https://www.fi-group.us/sector/architecture-engineering/): The Architecture and Engineering sector involves the development of new and improved design and infrastructure. A&E firms routinely conduct Research and Development activities during almost every phase of the project. Neither the contract, nor payments received for contracted services necessarily disqualify the activity for the R&D credit. If there is any degree of economic risk and the right to apply the knowledge obtained through these activities, the R&D process is retained.
- [Aviation / MRO industry](https://www.fi-group.us/sector/aviation-mro-industry/): Check out your company eligibility for the R&D Tax Credit contacting FI Group!
- [Software Applications for R&D tax credit in Banks](https://www.fi-group.us/sector/this-is-a-new-sector-test/): Many banks are not aware of the Research and Development (R&D) tax credit program, on account of not recognizing themselves as eligible as software companies. In other cases, some organizations believes that only a portion of their activities can be qualified as innovation.

## Services
- [Claim Research & Development Tax Credit for your Business](https://www.fi-group.us/service/claim-research-development-tax-credit-for-your-business/): The Research and Development (R&D) Tax Credit is a government-sponsored tax incentive that rewards companies for conducting research and development in the United States. The credit was implemented to incentivize innovation throughout the economy and keep technical jobs within the country.

## Videos
- [Video test 6](https://www.fi-group.us/video/video-test-6/): There are many variations of passages of Lorem Ipsum available, but the majority have suffered alteration in some form, by injected humour, or randomised words which don't look even slightly believable. If you are going to use a passage of Lorem Ipsum, you need to be sure there isn't anything embarrassing hidden in the middle of text. All the Lorem Ipsum generators on the Internet tend to repeat predefined chunks as necessary, making this the first true generator on the Internet. It uses a dictionary of over 200 Latin words, combined with a handful of model sentence structures, to generate Lorem Ipsum which looks reasonable. The generated Lorem Ipsum is therefore always free from repetition, injected humour, or non-characteristic words etc.
- [Video5](https://www.fi-group.us/video/video5/): There are many variations of passages of Lorem Ipsum available, but the majority have suffered alteration in some form, by injected humour, or randomised words which don't look even slightly believable. If you are going to use a passage of Lorem Ipsum, you need to be sure there isn't anything embarrassing hidden in the middle of text. All the Lorem Ipsum generators on the Internet tend to repeat predefined chunks as necessary, making this the first true generator on the Internet. It uses a dictionary of over 200 Latin words, combined with a handful of model sentence structures, to generate Lorem Ipsum which looks reasonable. The generated Lorem Ipsum is therefore always free from repetition, injected humour, or non-characteristic words etc.
- [Video4](https://www.fi-group.us/video/video4/): There are many variations of passages of Lorem Ipsum available, but the majority have suffered alteration in some form, by injected humour, or randomised words which don't look even slightly believable. If you are going to use a passage of Lorem Ipsum, you need to be sure there isn't anything embarrassing hidden in the middle of text. All the Lorem Ipsum generators on the Internet tend to repeat predefined chunks as necessary, making this the first true generator on the Internet. It uses a dictionary of over 200 Latin words, combined with a handful of model sentence structures, to generate Lorem Ipsum which looks reasonable. The generated Lorem Ipsum is therefore always free from repetition, injected humour, or non-characteristic words etc.