R&D Tax Credits and Domestic Production Activities Deduction (DPAD)- Need To Know To SAVE BIG
Manufacturers and Distributors have unique needs. They must rely on partners that truly understand their business needs and take a proactive stance on business process improvement, profit enhancement, regulatory compliance and more.
Join S&G and SourceHOV who will inform C Suite Owners, CFOs and COOs how you might benefit from savings opportunities that exist for certain trade or business activities. Don't leave money on the table! Domestic Production Activities Deduction (DPAD) and R&D tax credits are often underutilized opportunities to SAVE BIG.
For example, one Instrument Manufacturer with gross revenue of $8M achieved a Cash Benefit of $156,000. The inital review to see if this might make sense for your company is merely 30-minutes investment of your time!
In this session you'll learn:
- About this lucrative, often under utilized tax break
- How to identify which of your activities qualify
- Specifically how manufacturers can maximize the DPAD benefit
- How to take advantage of opportunities in the tax code to qualify often overlooked activities
- How small and start-up companies can offset taxes
- What time period the credits can be used for, up to 20 years
- the federal/state tax credits designed to generate cash flow equal to 4-7% of qualifying expenditures
Registration & Networking 7:30-8:00
Presentation 8:00-9:15
Q&A & Next Steps 9:15 - 9:30
If you are considering any of the following activities, you could benefit from the R&D Tax:
- Innovative product development using computer aided design tools
- Tooling and equipment fixture design and development
- Designing manufacturing equipment
- Integrating new materials
- Determining tooling requirements and optimal placement of equipment
- Evaluating and determining the most efficient flow of material
- and many more
More about us...
SourceHOV|Tax is a boutique consulting firm that helps companies reduce their tax liability through providing R&D tax credits, cost segregation, 179D tax deductions and LIFO inventory accounting.
Shepherd & Goldstein is more than a traditional CPA firm. We have industry-specific expertise and offer a range of services to make an impact on your business: business process improvement, profit enhancement, regulatory compliance and more.