Overview
In this webinar, our tax experts break down how manufacturing leaders, executives, and finance professionals can identify qualifying R&D activities, properly document their efforts, and maximize their tax credit opportunities.
What you’ll Learn
- What qualifies as R&D in the manufacturing industry
- Identifying qualifying projects across your operations (product development
- Overcoming common compliance challenges and misconceptions
- Best practices for documenting R&D claims
- A structured approach to capturing eligible expenditures
About the R&D tax Credit
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
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.