Long Island Business News interviewed Tax Director Karen O'Connor for an article about new rules for the federal R&D tax credit.
Long Island Business News
By Claude Solnik
Karen O’Connor, director of corporate tax services at Marcum, with Long Island operations based in Melville, said this is designed to make the credit useful to the firms that need it the most.
“The intention was to get cash into the hands of people trying to find new processes and products,” she said, noting it so far typically took five years before startups had earnings toward which they could use the credit.