Process and Procedures Investments

In September 2004, President Bush signed the $146 billion tax cut bill restoring the recently expired business Research & Experimentation Tax Credit. The 18-month renewal of the research and experimentation tax credit, which expired June 30 2004, was the most expensive item with an expected $7.6 billion cost through 2014.

Process Improvement Qualifies

If you are spending money on ISO 9000, six-sigma, lean manufacturing, TQM, or any other initiative focused on improving your products or processes, then you could qualify. This includes software purchases, training courses, labor, and of course the purchase of any Policies, Procedures and Forms products or services.

An Immediate Source of Cash

This is an actual dollar-for-dollar tax credit against your tax liability and not a deduction. You can deduct all costs in the year incurred. And better yet, these regulations are retroactive, which means you can get a refund for previous years.

Requirements to qualify

If you fit these five basic requirements for research, then you might qualify under the latest regulations.

1. New or Improved Product, Process or Software. Research must derive ways to improve a product or process such as development or improvement of a formula, invention or technique.

2. Technological. Research objective must be to discover technological information, based upon principals including computer science or engineering.

3. Research Involves Uncertainty or Risk. It must involve uncertainty or risk associated with the design or method of design achievement, not including general business risk.

4. Experimentation Process. It must be well-documented and include failed and successful efforts.

5. Permitted Process. Activity for product or process improvement must relate to a function, performance, reliability or quality.

Your Tax Credits are Waiting for You

There is no better time to obtain ISO auditor training, well-defined process training, business process consulting, or to get the maximum value out of a helpful key like the Management Procedures Value Series. Tax credits may expire again later in 2005, so act before it is too late.

Chris Anderson has over 18 years of sales, marketing and business management experience working with business process design, software and systems engineering. He is also co-author of policies and procedures manual products, producing the layout, process design and implementation to increase performance. He is currently the Managing Director of Bizmanualz, Inc. Visit: http://www.bizmanualz.com

Latest News


Maktoob Business (press release)

ECONOMIC REPORT Global manufacturing gauges collapse in November
MarketWatch - 9 hours ago
... of price pressures hit an all-time low, according to a survey of corporate purchasing managers released Monday by the Institute for Supply Management. ...
Manufacturing index drops to 26-year low Washington Post
Manufacturing index at 26-year low CNNMoney.com
Manufacturing hits 26-year low Bizjournals.com
CNN - Forbes
all 693 news articles

Single Source Introduces New Advanced Quote Management (AQM)(TM ...
MarketWatch - 12 hours ago
All functions seamlessly integrate to the inherent back-office financials, inventory, purchasing and management reporting functionality of SM-Plus-meeting ...
KANA Recognized by Leading Industry Publications for Innovation ... Business Wire (press release)
all 23 news articles

HispanicBusiness.com

Construction Spending Reflects Economic Slowdown
New York Times, United States - 4 hours ago
The Institute for Supply Management’s monthly index of manufacturing activity fell to 36.2, from October’s 38.9. The reading is worse than Wall Street ...
October construction spending drops 1.2 percent International Herald Tribune
Construction spending fell again in October Bizjournals.com
US Oct construction spending fell 1.2 percent guardian.co.uk
GlobeSt. com - International Herald Tribune
all 267 news articles

WCBD

Price Tags on Partridges and Pear Trees: A Different CPI
New York Times, United States - 5 hours ago
By Catherine Rampell For the last 24 years, PNC Wealth Management (or its predecessor, Provident Bank) has released this whimsical index, a measure of the ...
Video: 12 Days of Christmas' Items Would Cost $86,609 AssociatedPress
'12 Days of Christmas' items would cost $86609 The Associated Press
Twelve Days of Christmas would cost $21000 Telegraph.co.uk
Reuters - guardian.co.uk
all 351 news articles

AGC and LCM Declare Dividends
MarketWatch - 5 hours ago
a diversified closed-end management investment company, has declared its December monthly dividend of $0.0664 per share, reflecting a reduction of $0.0286 ...
AGC and LCM Declare Dividends Trading Markets (press release)
Madison Strategic Sector Premium Fund (MSP) Declares Quarterly ... MarketWatch
PPR - $.0340 November Dividend MarketWatch
MarketWatch
all 58 news articles

Reuters

AIG sells wealth management unit to Abu Dhabi group
International Herald Tribune, France - 13 hours ago
NEW YORK: American International Group, the troubled insurance giant, said Monday that it had agreed to sell its wealth management provider AIG Private Bank ...
AIG Sheds A Private Bank Forbes
UPDATE 1-AIG to sell AIG Private Bank to UAE's Aabar Reuters
AIG to Sell Private Bank to Aabar Wall Street Journal
Trade Arabia - Reuters
all 174 news articles

Updated Information Regarding Auction Preferred Securities Market ...
MarketWatch - 4 hours ago
BOSTON, Dec 01, 2008 (BUSINESS WIRE) -- MFS Investment Management(R) (MFS) today announced the availability of information on the results of the weekly ...

Lincoln Financial Group Announces New Senior Management Committee ...
International Business Times, NY - 5 hours ago
She will also serve as amember of the firm's Senior Management Committee. Bettinger-Buckingham joins Lincoln Financial with more than 20 years ofexperience ...

Gideon Technologies CEO To Give Unified Compliance Management ...
MarketWatch - 8 hours ago
Unified Compliance Management simplifies this complex problem. "The combination of a holistic centralized view of the network, unified and continuous ...

Research and Markets: Training Management Maturity Model: A ...
MarketWatch - 9 hours ago
How effective is your current training management system? What do you need to do to improve it? Find out with this best practice model and set of assessment ...
Research and Markets: Fundamentals of Quality Control and ... MarketWatch
all 12 news articles

Resources