As part of the Consolidated Incentive Act of 2003, amended in 2007, the state of Arkansas offers valuable research and development (R&D) tax credits that may offset up to 100 percent of a business’ tax liability in a given year.
Daily activities performed by chemists, scientists and nutritionists in the gluten free food industry are eligible for the R&D tax credits offered by the federal government and by 40 separate states.
The Inflation Reduction Act of 2022 (IRA) H.R. 5376, signed by President Biden August 16, 2022, will cut Americans’ energy costs, create jobs and transform U.S. efforts to address the climate crisis.
Commercial bakeries are in an excellent position to collect vital tax credits for Research and Development (R&D) from the federal government.
The water recycling business is brimming with opportunities to claim Research and Development (R&D) tax credits.
Bakers and chefs utilizing 3D printing should be taking full advantage of the R&D tax credits offered by the IRS.
Many companies in the food processing industry do not realize that they are eligible for the research and development tax credit.
All of the innovative pursuits related to crafting beer with various new flavor and aroma profiles, are exactly the types of ventures that the R&D credit is available for.
R&D is essential to driving technological change in aquaculture, and many people working in the industry engage in R&D activities on a weekly basis. These activities could qualify for a significant tax credit that shouldn’t be passed up.
Did you know that Electrical Contractors may be eligible to receive Research and Development (R&D) tax credits?
