R&D Tax Credits for Manufacturers

Don’t Leave Money on the Table
Join Us for This Seminar on Taking Advantage of Tax Credits

Surprisingly, many companies have failed to claim a significant tax credit that was originally created in 1981. And of those that have acted, many firms have not taken full advantage of the benefits that are available.

Confusion, doubt, and disbelief cause many managers to conclude they cannot qualify for this credit. And the ones who do claim it often fail to identify many of their company’s activities and expenses that are relevant. Since the process of identifying and categorizing all the qualifying expenses requires a combination of engineering, accounting, tax, and legal expertise, a specialist is needed to maximize the financial benefit to the company

The rationale for this tax credit is to incentivize companies to be more innovative -- a necessity in today’s competitive environment. With the passage of the Small Business Jobs Act in September 2010, any company under $50 million in sales can not only take advantage of the credit if they qualify, but can use it to offset taxes paid for the previous five years.

With these things in mind, AM&T is sponsoring a seminar on February 20th to familiarize Southern Tier owners and managers with the more intricate details of this tax credit. Our experience reveals that even companies that have already claimed the credit will discover that they are missing significant expenses that should have been included.

Date: February 20, 2013
Time: 8:00 am to 10:00 am, full breakfast
Location: Owego Treadway, Owego, NY
Cost: No Charge

 

For more information contact Jim Cunningham

607-725-1225 or jcunningham@amt-mep.org

Register on-line at http://amt-mep.org/index.php?cID=134
or contact Kathy Peacock at 607-774-0022 x308

Please register by February 15, 2013

The seminar will be conducted by Paradigm Partners, a group certified by the National Association of State Boards of Accountancy as specialists in this topic. Attendees will leave with an understanding of the process for determining a company’s eligibility, the dollar amount that can be claimed, and how to proceed. Other IRS programs such as the Domestic Production Deduction will also be covered since they are directly related to the R&D tax credit and are often overlooked. Opportunities for private discussions will be available after the seminar.

See this and other newsletter articles at http://amt-mep.org/files/6513/6058/5076/2013-02.pdf

Visit our website at http://www.amt-mep.org