Election Affects Tax Law
Remember the Research and Development Tax Credit we discussed? Both Romney and Obama have released information on what they plan to do with it, if they become President.
If elected, both candidates have proposed to make the research and development credit permanent. Additionally, Obama has proposed to increase the Alternative simplified credit from 14 percent to 17 percent.
If you have additional questions about how the election will affect your tax planning strategy, contact the Brewers Professional Alliance today.