tax credits
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A research and development (R&D) tax credit can reduce a robotics startup’s tax burden. Robotics startups are paving the way for the future. It’s important that young, innovative companies take advantage of every resource available, like R&D tax credits. Taxes are a hefty financial burden for a startup, but thankfully these credits can reduce that…
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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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Innovative Kentucky businesses can take advantage of a federal and state research and development (R&D) tax credit. These credits directly reduce a business’ tax burden. The horses of the Kentucky Derby aren’t the only things racing forward in the Bluegrass State. Inspired Kentucky companies are speeding through new product developments every day. Just like racehorses,…
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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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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…