tax tips
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Eco-friendly concrete manufacturers can reduce their tax burden with federal and state research and development (R&D) tax credits. For over 20 years, R&D tax credits have helped spur the growth of young, forward-thinking businesses. There are R&D tax credits for robotics startups, breweries, and more, but can your eco-friendly concrete manufacturing company take advantage of…
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Eligible businesses can receive a Texas tax credit and a Federal research and development (R&D) tax credit for investing in new product development. Everything’s bigger in the Lone Star state and so are the incentives for intrepid start up companies creating new products. A great money saving tool, Texas tax credits for are a resource…
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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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Start-ups developing new products in Oklahoma can utilize a federal research and development (R&D) tax credit. A federal R&D tax credit can reduce payroll or income tax expenses. The Sooners state is home to the scissor-tailed flycatcher and the Oklahoma rose, but not to a state R&D tax credit program. Unlike many other states, R&D…
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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…