Offset Payroll & Income Tax Using The R&D Tax Credit
When: Thursday,
February 15, 2018
12:00 PM
-
1:30 PM
Cost: FREE for UMD Students, Staffs, and Faculty
See:
https://www.eventbrite.com/e/offset-payroll-income-tax-using-the-rd-tax-credit-tickets-41388531211
Description: Join Ed Craig (President) and Adam Mathes (Vice President) of EF Cost Recovery for an overview of how companies can claim the R&D Tax Credit without ANY heavy lifting.
The R&D tax credit is valuable to small, midsize, and early-stage businesses to offset personal and/or company income tax. Many taxpayers regard R&D as an activity associated solely with hi-tech businesses, such as pharmaceutical and biotech companies. That is simply not the case. You do not have to be engaged in pure science or similar research to be conducting qualified activities as defined by the Internal Revenue Code.
Companies in the following industries qualify for this lucrative tax credit: Architecture, Aerospace, Agriculture, Automotive, Biotech, Chemical, Electronics, Engineering, Food Science, Food Processing, Forestry, Manufacturing, Hardware, Pharmaceuticals, Semiconductor, Machine Shops, Job Shops, Software, Telecom, Beer/Wine Making and more.
The R&D tax credit is valuable to small, midsize, and early-stage businesses to offset personal and/or company income tax. Many taxpayers regard R&D as an activity associated solely with hi-tech businesses, such as pharmaceutical and biotech companies. That is simply not the case. You do not have to be engaged in pure science or similar research to be conducting qualified activities as defined by the Internal Revenue Code.
Companies in the following industries qualify for this lucrative tax credit: Architecture, Aerospace, Agriculture, Automotive, Biotech, Chemical, Electronics, Engineering, Food Science, Food Processing, Forestry, Manufacturing, Hardware, Pharmaceuticals, Semiconductor, Machine Shops, Job Shops, Software, Telecom, Beer/Wine Making and more.
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