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Sales Tax Exemption for NIH Grantees — by Brian LaCroix, CPA Your R&D company may be exempt from paying sales tax on purchases based on how the expense is charged in your general ledger. Brian LaCroix, CPA In general, purchases made as a DIRECT charge to a government grant are NOT subject to sales tax. [...]
A standard Notice of Grant Award (NGA) issued by the National Institutes of Health (NIH) typically contains hundreds of pages of boilerplate terms and conditions found in the NIH Grants Policy Guide. While government contracts are quite literal as to their period of performance, NIH Grants tend to be more liberal as to whether a [...]
As you apply for a government grant or contract, one of the most important pieces of the cost proposal that is overlooked is what indirect rate to request. Some government agencies, such as the National Institutes of Health, offer a “no-hassle” indirect rate of forty percent based on all direct costs for Phase II SBIR [...]