Opinions, opinions, opinions…. everybody has them and the latest one on the application of section 41, the “R&D Tax Credit”, is fresh off the presses from the federal court in the southern district of Ohio.
“It is best to prepare for the days of necessity.” If you are familiar with Aesop’s Fable of The Ant and the Grasshopper, you may recognize that quote as the closing thought of the Grasshopper who is struggling to survive a cold winter without any food.
On the heels of the record-setting incentive package of more than $1.5 billion in grants and tax breaks from New York state that Amazon stands to get for bringing at least 25,000 workers to a new campus in Queens, New York Gov. Andrew Cuomo was quoted as saying, “All things being equal, if we do nothing, they’re going to Texas.”
Your smartphone alarm goes off, and a new day has begun. You roll over in bed, grab your phone from the nightstand, and then briefly stare into it, allowing the device to recognize your face and unlock itself. You then mutter, “Hey Siri, what is the weather for today?”
While you learn it will be 41°F and rainy, your smart thermostat has already bumped up the temperature knowing you soon will be rolling out of the warm comfort of your bed.
There it is. Slowly lumbering around…back and forth. Everyone is keenly aware of its presence. In fact, it cannot be ignored. An immovable obstacle…a disconcerting distraction of mammoth proportions. With it comes a sense of helplessness, as your business and thousands more like it across the country are faced with the five-ton frustration of certification delays for the WOTC (Work Opportunity Tax Credit), and the burden of amended return filings.
There is no shortage of famous movie quotes in the lexicon of pop culture, and the phrase “You complete me” uttered by Tom Cruise in the film Jerry Maguire certainly belongs somewhere at the top of the list. While expressed with complete sincerity in the film to his love interest, the phrase has enjoyed longevity having been oft quoted, sometimes as a comedic device, such as in the film Austin Powers and the TV show The Office, and in the deranged rantings of the villainous Joker in the Batman film The Dark Knight.