taxes
-
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,…
-
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…
-
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…
-
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…
-
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…
-
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…
-
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…