The shifting landscape of research and development tax credits is significant for everyone in manufacturing. Many small and medium-sized manufacturers leave money on the table every year when they pay their taxes.
At the invitation of RRPC, EFP Rotenberg and BDO are pleased to present a seminar entitled Maximizing Research and Development Tax Credits. This important seminar will help your organization take full advantage of Federal and State tax credits.
What is R&D Tax Credit?
Despite the fact that the Research and Development (R&D) credit has been available since 1981, less than a third of eligible companies recognize that they qualify for the credit. Even if companies claim a R&D credit, they frequently do not claim the entire credit to which they are entitled, either because they do not understand what qualifies or do not have the processes in place to properly document the credit.
You do not have to be a manufacturer to claim the R&D credit. Companies of all sizes in a wide range of industries throughout the U.S. have used the R&D tax credit. Many activities can quality for the R&D tax credit, including:
The R&D credit is one of the most contentious areas in Tax and without properly preparing, calculating, and supporting your credit, the IRS may deny any or all of it. In addition, if not done correctly, there is the potential for penalties, both to the taxpayer and the tax preparer. The R&D credit can be one of the greatest sources of R&D funding for companies in all industries, but it is essential that it is calculated and supported properly.
In addition, we will be presenting the pros and cons of what is coming out of Albany as to state level tax incentives that are designed to encourage investments in and by technology based companies.
RRPC Members are invited to attend this important seminar on Thursday, April 25, 2013, beginning with breakfast at 8:30am and concluding at 11:00am, at the world headquarters of EFP Rotenberg located at 280 Kenneth Drive, Suite 100, Rochester NY 14623. Members are to RSVP to Tom Battley, (tbattley@newyorkphotonics.org or 585-329-4029), no later than noon on April 23rd.
For any additional questions related to the seminar please contact Nicole Lombardi at info@efprotenberg.com or 585-427-8900.
Your Presenters:Space is limited so register today.
Registration is free for RRPC members. All others are $35
Don't miss this important event! Don't leave money on the table.