August 2021
Video Series - SobelCo Insights

SobelCo Insights is a series of brief, insightful videos addressing important updates and relevant topics that are released weekly.

Click below to see the latest SobelCo Insights videos
Food and Beverage Companies May Be Eligible for R&D Tax Credits
Chris Martin & Doug Finkle, SobelCo
In the past decade, Research and Development (“R&D”) tax credits utilized by U.S. companies have nearly tripled. These credits are available to an assortment of businesses and industries but predominately are utilized by manufacturers and those in the information technology sector. R&D tax credits are a government incentivized credit to encourage growth and development in the U.S. and strengthen domestic investment. Companies in a wide range of industries, with readily increasing research expenses can be a potential candidate for these credits.
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Key Questions to Ask When Selecting Accounting Software
Ellen Marvin, SobelCo
One lesson that has become clear in the past year is how important having up-to-date accounting records are for any organization. Whether applying for loans, government assistance, or making informed decisions about operations, those with access to real time data have an edge over the competition. The marketplace has an abundance of choices for accounting packages and the new user might be forgiven for believing that they are all pretty much the same. These four questions should help make the selection clearer.
Retirement Plan Startup Costs Tax Credit
Mariana Moghadam, SobelCo
The SECURE Act, which was signed into law on December 20, 2019, made many significant retirement plan changes. Included in these changes are enhanced tax credits for small businesses that start a new 401(k) plan and/or add an automatic enrollment feature to any 401(k) plan.

Effective January 1, 2020, most small business employers may be eligible to claim a tax credit of up to $5,000 for three years, for the ordinary and necessary costs of starting a SEP, SIMPLE IRA, or qualified plan (like a 401(k) plan.) Taxpayers who qualify may claim the credit using Form 8881, Credit for Small Employer Pension Plan Startup Costs.
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September 21, 2021
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September 30, 2021
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