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What You Need to Know About Marijuana and R&D Tax Credits
If marijuana is reclassified as a Schedule III drug, plant touching companies could benefit from Federal and state R&D tax credits. Think marijuana and R&D tax credits don’t mix? Think again. With the high chance that marijuana is reclassified as Schedule III drug, Section 280E would no longer bar plant touching companies from utilizing tax…
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Here’s How You Can Get R&D Tax Credits for Veterinarian Pharmaceuticals
A federal research and development (R&D) tax credit rewards innovative veterinarian pharmaceutical companies. The credit can reduce a company’s overall tax burden. Developing animal drugs, also known as veterinarian pharmaceuticals, serves a vital purpose in today’s world. Not only do these products keep livestock healthy, but our four-legged friends at home can experience a higher…
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Your Business Could Qualify for an SBIR Grant and R&D Tax Credit
Some businesses can qualify for a small business innovation research (SBIR) grant as well as a research and development (R&D) tax credit. There are strict criteria a business must meet to receive both. Most business owners assume that receiving a grant for R&D funding automatically cuts them off from a federal or state R&D tax…
