Illinois Recreational Marijuana Use Laws and R&D Tax Credits for the Cannabis Industry

Tax Point Advisors provides R&D tax credit services and other specialty tax services to businesses in the cannabis industry and can help you navigate any issues and opportunities arising from this new Illinois legalization for 2020.

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Energy Tax Provisions Section 179D and Section 45L Extended Through the End of 2020

Does your business invest in energy-efficient building systems? If you are not currently benefitting from the section 179D or section 45L tax deductions, you could be losing out on thousands of dollars of tax savings. The good news is the bill was extended by Congress through December 31, 2020 and this extension also made these tax incentives retroactive back to the year 2016.

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Year-End Planning for R&D Tax Credits

Several changes to U.S. tax laws over the past couple of years were created to benefit businesses. Your tax advisor can show you ways to maximize these benefits and minimize your tax liability for 2019.

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Expanding Small Business R&D Tax Credit Utilization and Avoiding Obstacles Using the Four Part Test

In July 2019, Senator Tom Tillis and Senator Maggie Hassan proposed a bill - The R&D Tax Credit Expansion Act, to expand the research and development (R&D) tax credits that can be taken against federal payroll taxes for startups and small businesses.

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R&D Strategies for Meat Alternative Producers Bring Great Tax Incentives

Meat alternatives are clearly having a moment in the spotlight and experimentation and development will determine if this is a fad or our future. 

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You Should be Watching Your Competitors’ R&D

Once you know what type of research and projects your competitors are producing, it gives you a better perspective of where you need to put in more effort and resources with your R&D.

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The Permanence of the R&D Tax Credit

With a permanent R&D credit, taxpayers can more effectively plan and commit to long-term investments in their R&D and innovation.

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Thanks to the U.S Farm Bill, the Industrial Hemp Industry Can Now Claim The R&D Tax Credit

For the first time since 1937, farmers will be allowed to legally grow industrial hemp throughout the United States thanks to the passing of the U.S. Farm Bill in 2018. Hemp is a versatile plant with thousands of applications across multiple industries.

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How to Explain the Value of the R&D Tax Credit to Your Clients

Using your R&D tax credit knowledge, you can then offer these specialty services to your clients. You can help with the process of capturing the correct R&D documentation throughout their daily operations and all future projects.

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Boost Your Portfolio with the R&D Tax Credit

As an investor, you should be knowledgeable of the R&D tax credit and its value as a powerful source of funding that can boost your portfolio and give you the added edge over your competition.

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Latest from the blog

Illinois Recreational Marijuana Use Laws and R&D Tax Credits for the Cannabis Industry

Read More

Energy Tax Provisions Section 179D and Section 45L Extended Through the End of 2020

Read More

Year-End Planning for R&D Tax Credits

Read More

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