Leveraging the R&D Tax Credit for Manufacturers with CohnReznick
Let’s get this out of the way first: Manufacturers are leaving money on the table. If you’re a US manufacturer and you have yet to take advantage of the R&D tax credit, you need to listen to this episode.This week, we are joined by Jessie Cahill and Scott Hamilton, who are both experts in Research & Development Tax Credit Services at CohnReznick. These two are helping put money back in the pockets of manufacturers through the R&D Tax Credit.In this episode of Manufacturing Happy Hour, you’ll get a bit of tax advice for free. Jessie and Scott explain the benefits and process behind claiming for R&D tax credits. They dispel some common myths and urge everyone in manufacturing to check if they’re eligible. It’s not just the guys in lab coats who get approved. As long as you’re creating, designing, or improving something, you could be in with a shot to save some serious cash on your tax bill.In this episode, find out:What R&D tax credit isWho can qualify for tax creditThe top activities that qualify for R&D tax creditHow manufacturers can be more proactive about tracking what’s eligible for tax creditsEnjoying the show? Please leave us a review here. Even one sentence helps. It’s feedback from Manufacturing All-Stars like you that keeps us going!Tweetable Quotes:“It's really a broad credit. So most companies are going to qualify for this.” – Jessie Cahill“You don't think of R&D, and people making little fixes and changes, as really counting towards it, but it does.” – Jessie Cahill“What I like to tell clients is, if you've got people in the United States, working on smart stuff, then you probably are eligible for the credit.” – Scott HamiltonLinks & mentions:CohnReznick LLP, a leading advisory, assurance, and tax firm helping forward-thinking organizations achieve their vision with extensive expertise in the R&D Tax CreditFive Boroughs Brewing, a brewery and taproom in the heart of Sunset Park, BrooklynHi-Time Wine Cellars, specializing in tequila, this wine & spirits shop is located in Costa Mesa, CAMake sure to visit http://manufacturinghappyhour.com for detailed show notes and a full list of resources mentioned in this episode. Stay Innovative, Stay Thirsty.