Industry R&D Facts
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Dog food manufacturers could reduce their tax burden with a Federal research and development (R&D) tax credit. Our four-legged friends stick with us through good times and bad, so it’s only fair to feed them the best food available. Unfortunately, spending time and money to design the most nutritious kibble can be draining for a…
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Business owners can use the federal R&D tax credit to reduce their tax burden and keep money in their pockets. Creative companies that don’t apply for a federal R&D tax credit are losing money. An R&D tax credit is a reward bestowed by the federal government to companies that engage in R&D activities. Since these…
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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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The Federal research and development (R&D) tax credit program rewards businesses for increasing investments in innovation. Companies must innovate to remain competitive in their respective industries. Of course, taking part in forward-thinking enterprises is also costly. Thankfully, a Federal R&D tax credit can provide a substantial reward for taking financial risks and developing new products.…