SIMI VALLEY, CALIFORNIA
Better, faster, cheaper has always been the motto for streamlining and improving operations. Last week, Congress reauthorized the Small Business Innovation Research (SBIR) and Small Business Technology Transfer (SBTT) programs for another six years. This reauthorization included provisions that streamlined the process, reduced decision making time and puts funding in the hands of small business more quickly.
“In addition to reauthorizing these two critical small business programs, Congress have taken necessary steps to improve the programs making them more responsive and efficient. This is a good day for American small business.” says Randy Eickhoff, C.P.A. & President of Acena Consulting, LLC (http://www.acenaconsulting.com/)
Other benefits and improvements in the programs include greater venture capital participation (up to 25 percent) for the National Institute of Wealth, Department of Energy and National Science Foundation as well as other participating federal agencies (up to 15 percent). Allocations for the STTR program will increase from .3 percent to .45 percent over the six year period.
About Acena Consulting, LLC http://www.acenaconsulting.com/
Acena Consulting, LLC is a tax consulting firm specializing in helping companies document and maximize tax incentives. Headquartered in Simi Valley, CA, Acena works with both CPA firms and their clients to educate document monetize and defend research tax credits, IC DISCs, cost segregation studies, DPAD and telephone excise tax studies. Randy Eickhoff is a licensed CPA in California and is the founder and President of Acena Consulting, LLC.
# # #
Acena Consulting is a specialty tax, accounting and operational consulting firm focused on helping companies and their CPAs maximize the value of tax credits and specialty tax incentives. Our experience and depth provide our clients with a competitive edge in a global economy.