Money in the Making: Innovation Funding & State Tax Strategies for Manufacturers

The landscape of innovation funding has changed for manufacturing companies. Are you keeping up? Manufacturers now have more ways than ever to drive growth and innovation through R&D tax credits, new grants, and refund review strategies. In this 60-minute webinar, Brian Ess, Leyton’s State and Local Tax Practice Lead, and Government Funding Specialist, Gabriel Derr will break down the latest funding opportunities sparked by recent policy changes in the One Big Beautiful Bill. Discover how to unlock hidden savings, manage state and local tax challenges, and maximize your financial benefits with expert tips and real case studies.

Learning Objectives

About The Research & Development Tax Credit

Established in 1981, the Research & Development Tax Credit is a federal incentive that allows companies to reduce income tax liability in the current tax year, and receive a cash refund for taxes paid in the last three years.

Many states have implemented their own version of the R&D Tax Credit, and qualifying businesses can claim both! In 2015, when the Protecting Americans From Tax Hikes (PATH) Act was put into place, the R&D Tax Credit became permanent, which revised qualifications that greatly expanded the eligibility for businesses to qualify. With these changes, qualifying small businesses may claim the Payroll Tax Credit to offset some of their payroll tax liability.

The majority of businesses are unaware that their daily operations could qualify to a dollar-for-dollar Tax Credit, irrespective of industry or company size. An activity that meets the 4-part test is a qualifying research activity and can potentially qualify for claiming R&D Tax Credit.

About Grants

The Grants & Incentives landscape for innovative companies in the US is extensive. There are funding opportunities available to companies of all sizes and across a plethora of industries.

Given the vastness of the space, most technology-driven businesses are not aware of all the incentives they may be eligible for. Leyton’s Grants & Incentives services demystify this landscape by helping businesses identify relevant funding opportunities and assisting in applying for them.

About State and Local Taxes

Businesses operating across state lines are often subject to State & Local Taxes in the jurisdictions they operate. The laws around these taxes vary markedly, depending on the state, industry, and business activity. Leyton works alongside your accountants and automation solutions to ensure that your business has its SALT in order, keeping your business compliant and enabling sustainable business expansion.

About Leyton

Leyton is an international consulting firm that helps businesses leverage financial incentives to accelerate their growth and achieve sustainable performance. ​We simplify access to these complex incentives. Our combined teams of highly skilled Tax and Technical specialists maximize the financial benefits for businesses.​ With compliance always front of mind, we have been delivering optimal services for our client for over 25 years. This provides peace of mind that you will always receive the maximum benefit, without taking risks.

Leyton is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State Boards of Accountancy have the final authority on the acceptance of individual course for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.