tax credits
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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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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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Federal and state research and development (R&D) tax credits are available to breweries throughout the country. Happy hour certainly wouldn’t be happy without skillful brewmasters. These wizards of water, grain, hops, and yeast craft scintillating new flavors. When brewmasters perfect their craft, they can bring people together over a cold pint. While many aspiring brewers…
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Many businesses can apply for both a federal and state research and development (R&D) tax credit, but meeting application deadlines is of the utmost importance. You put a lot of time and energy into creating fascinating new products. Unfortunately, you also need to put a lot of money into R&D in order to purchase supplies…
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Oregon businesses can take advantage of Federal and state research and development (R&D) tax credit programs to save money. Oregon is a beautiful state that houses the majestic Mt. Hood, the setting of the cult favorite show Portlandia, and resources for innovative entrepreneurs. Qualifying businesses can claim Oregon tax credits for R&D to fuel innovation.…
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Most states offer some kind of research and development (R&D) tax credit program for qualifying companies. R&D is a vital part of any business that is trying to create new products or improve upon existing designs. Many states encourage local companies to innovate by offering state R&D tax credit programs that reduce a company’s tax…
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Businesses located in specific areas of PA could qualify for both a KIZ and federal R&D tax credit. Since 2004, the Keystone Innovation Zone (KIZ) tax credit program has been helping young, innovative PA companies reduce their tax burden. Bear in mind that the KIZ tax credit program does restrict who can apply for it…
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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.…