Episode 123: The GOLD in Manufacturing R&D Tax Credits
American manufacturers can save a significant amount of money by using R&D tax credits. While many think that it is just technology and drug companies that can benefit from the credits, in fact 70% of all tax credits are claimed by manufacturers. There are 9 common activities that manufacturers perform – things like determining requirements and quoting on sales projects to trial production runs and quality approvals – that can qualify for R&D tax credits. The money generated by these tax credits can be used to grow the business. This week on Make It Right Janet’s guest is John Madsen, Vice President & Manufacturing Practice Leader at Black Line Group.
He is a tax credit expert with decades of experience in manufacturing and he shares how manufacturers can make the most of this opportunity.