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3 episodes with d tax credit
2 episodes with d tax credit
3 episodes with d tax credit
3 episodes with d tax credit
2 episodes with d tax credit
2 episodes with d tax credit
2 episodes with d tax credit
2 episodes with d tax credit
3 episodes with d tax credit
This is Part 2 of Stephanie's conversation with Maura Ginty - make sure to listen to Part 1 if you missed it!There are tons of tax benefits for startup founders in Ireland when they approach building their business in the right way, especially if you're investing!This week we're back for Part 2 of my conversation with Maura Ginty of Gintax, a tax specialist with years of experience advising startups, entrepreneurs, and growing businesses.In this episode, we discuss the key tax reliefs and strategies that startup founders, investors, and business owners need to know, how to structure investments through a company and the tax implications that come with it, employee share schemes, and Maura shares her insights on where the Irish tax system could improve to better support founders and startups. Main Topics Discussed in this Episode:R&D Tax Credit – how it works and why documentation is keyEIIS tax relief – benefits, risks, and why companies need to be cautiousInvesting through a company – tax pitfalls to avoidEmployee share schemes – comparing options and understanding tax implicationsWhere the Irish tax system could improve for startups and foundersContact Maura GintyEmail: maura@gintax.ieWebsite: https://www.gintax.ie *****If you loved this episode or have a similar story, we'd love to hear from you! You can get in touch with us directly at info@expattaxes.ie or leave a rating and review on Apple Podcasts or Spotify.Taxbytes for Expats is brought to you by ExpatTaxes.ie. If you're considering moving to or from Ireland and would like support with your taxes, book a consultation today: https://expattaxes.ie/services-and-pricing/.Mentioned in this episode:Check out ExpatTaxes.ie to get your Tax sorted!
Let us know if you enjoyed this episodeIn this episode, we review an R&D tax credit business in Idaho for sale at $6.5 million with Andrew Gazdecki from acquire.com as a special guest. The business makes $3 million profit each year. We discuss how it makes money, possible risks, and how to finance the purchase. Everyone thinks it's a good buy because of its high profit and low cost. Tune in and enjoyCheck out the listing hereThanks to this episode's sponsor:Acquisition Lab and their team have been longtime supporters of the pod.Acquisition Lab exists to help people buy a business and navigate all the complexities of the process, as well as provide a trusted framework, tools, and resources to support you from search to close.If you are serious about buying a business, check out acquisitionlab.com or email the Lab's director Chelsea Wood, chelsea@buythenbuild.com and mention us ;)Learn how to buy a business.If you are interested in buying a business but unsure how to start, you should check Michael's Buy a Business Course:You will learn:• Build a thesis for the type of business that's right for you• Learn how to stand out in a sea of buyers• Create a working, scalable Deal Engine getting you leads• Maximize your chances of finding great dealsAdvertise with us by clicking here Do you love Acquanon and want to see our smiling faces? Subscribe to our Youtube channel. Do you enjoy our content? Rate our show! Follow us on Twitter @acquanon Learnings about small business acquisitions and operations. For inquiries or suggestions, email us at contact@acquanon.com
Let us know if you enjoyed this episodeIn this episode, we review an R&D tax credit business in Idaho for sale at $6.5 million with Andrew Gazdecki from acquire.com as a special guest. The business makes $3 million profit each year. We discuss how it makes money, possible risks, and how to finance the purchase. Everyone thinks it's a good buy because of its high profit and low cost. Tune in and enjoyCheck out the listing hereThanks to this episode's sponsor:Acquisition Lab and their team have been longtime supporters of the pod.Acquisition Lab exists to help people buy a business and navigate all the complexities of the process, as well as provide a trusted framework, tools, and resources to support you from search to close.If you are serious about buying a business, check out acquisitionlab.com or email the Lab's director Chelsea Wood, chelsea@buythenbuild.com and mention us ;)Learn how to buy a business.If you are interested in buying a business but unsure how to start, you should check Michael's Buy a Business Course:You will learn:• Build a thesis for the type of business that's right for you• Learn how to stand out in a sea of buyers• Create a working, scalable Deal Engine getting you leads• Maximize your chances of finding great dealsAdvertise with us by clicking here Do you love Acquanon and want to see our smiling faces? Subscribe to our Youtube channel. Do you enjoy our content? Rate our show! Follow us on Twitter @acquanon Learnings about small business acquisitions and operations. For inquiries or suggestions, email us at contact@acquanon.com
Dive into an inspiring journey of resilience, innovation, and success in the world of tax advisory and entrepreneurship. This episode showcases the remarkable story of a visionary who Join us as we explore the remarkable journey of Uri Carrazco, Founder and CEO of Carrazco - Innovative Tax Solutions, who transformed his early challenges into a groundbreaking career in the tax advisory sector. This episode unveils Uri's path from his humble beginnings to becoming a leading authority on maximizing tax credits and incentives for businesses across the spectrum. Discover in-depth insights into navigating complex tax programs like the Employee Retention Credit (ERC) and the Research & Development (R&D) Tax Credit, and learn how Uri's strategic approach has saved millions for companies nationwide. Perfect for aspiring entrepreneurs, established business leaders, and anyone interested in the dynamic interplay between finance and innovation, this dialogue is packed with invaluable lessons on resilience, strategic tax planning, and achieving excellence in the tax advisory field. Tune in for an empowering session that charts Uri Carrazco's inspiring journey and provides the tools to master the intricacies of tax credits, fueling your business's growth and innovation. ________________________________________________________________ If this episode inspires you to be part of the movement, and you believe, like me, that entrepreneurs are the answer to our future, message me so we can join forces to support building truly great companies in our region. - Subscribe to my channel here: https://www.youtube.com/channel/UCom_... - Mark Haney is a serial entrepreneur that has experience growing companies worth hundreds of millions of dollars. He is currently the CEO and founder of HaneyBiz - Instagram: http://instagram.com/themarkhaney Facebook: www.facebook.com/themarkhaney LinkedIn: https://www.linkedin.com/in/markehaney Website: http://haneybiz.com Audio Boom: https://audioboom.com/channels/5005273 Twitter: http://twitter.com/themarkhaney - This video includes personal knowledge, experiences, and opinions about Angel Investing by seasoned angel investors. This content is for informational purposes only and should not be construed as legal, tax, investment, or financial advice. Nothing in this video constitutes a solicitation, recommendation, or endorsement. #thebackyardadvantage #themarkhaneyshow #entrepreneur #PowerOfWith #SacramentoEntrepreneur #Sacramento #SacramentoSmallBusiness #SmallBusiness #GrowthFactory #Investor #Podcast
In 2017, Congress, in an effort to fund the Tax Cuts and Jobs Act, implemented a provision that hinders companies from fully counting R&D costs, including payroll, as legitimate expenses. Instead, they mandated the amortization of these expenses over five years. This change, effective from tax year 2022, resulted in a substantial increase in federal tax liabilities for many businesses. Because the implementation of this bill wasn't set to go into effect until five years later, many business leaders failed to notice the change and were caught flat-footed with enormous increases in their 2022 tax liabilities. More alarmingly, the impact of this change on America's economy has been profound. According to a National Association of Manufacturers' review of data from the Bureau of Economic Analysis, American R&D spending fell from a five-year average growth rate of 6.6 percent to just 1 percent after the new provisions were implemented in 2022. Jonathan Forman of Global Tax Management addressed a standing-room-only crowd about the business-crushing implications of not fixing this part of the tax code. Jonathan stepped up to the One Mic Stand to give us a synopsis of the situation and insight to a proposed remedy. Get more insight and contact your elected officials here.
The R&D Tax Credit and other Tax Advantages for Small Firm ArchitectsJoin us as Stacy Deru, a seasoned business consultant from Engineered Tax Services, unravels the intricacies of tax advantages for small firm architects. Stacy delves into the R&D tax credit, sharing examples within architecture and stressing the importance of documentation. With over 20 years of experience, she discusses tax mitigation, estate planning, and strategic consulting, offering valuable insights for architects navigating the tax landscape.In this episode, Stacy encourages architects to think creatively, differentiating themselves by promoting additional services. Stacy also highlights energy incentives and financial opportunities architects can leverage to help clients save money. Don't miss this chance to elevate your financial strategy and gain a competitive edge.This week at EntreArchitect Podcast, The R&D Tax Credit and other Tax Advantages for Small Firm Architects with Stacy Deru.Connect with Stacy online at Engineered Tax Services, and find her on LinkedIn.Please visit Our Platform SponsorsGo to https://betterhelp.com/architect for 10% off your first month of therapy with BetterHelp and get matched with a therapist who will listen and help. Thank you to our sponsor BetterHelp for supporting our community of small firm entrepreneur architects.ARCAT.com is much more than a product catalog, with CAD, BIM, and specifications created in collaboration with manufacturers. ARCAT.com also offers LEED data, continuing education resources, newsletters, and the Detailed podcast. Visit https://ARCAT.com to learn more.Visit our Platform Sponsors today and thank them for supporting YOU... The EntreArchitect Community of small firm architects.
In this episode, join our experts as they unravel the dynamic landscape of the Private Equity industry and offer insights into the latest tax strategies. Our host is joined by three of the firm's Private Equity Industry experts, Floyd Holliman, CPA, David Legrand, CPA, and Adam West, CPA, to concisely explore topics that impact returns and portfolio holdings, from navigating regulatory changes to planning techniques for businesses.In this Episode, you'll hear:Discussion regarding the Tax Cuts and Jobs Act and how it will affect businesses in the upcoming tax season Planning strategies to help businesses with inventory mitigate the loss of depreciation and amortization Details regarding the changes Section 174 of the tax code and how it affects R&D expensesAdvice about ERTC and how to make sure your business has proper documentationThis episode reflects our views at the time it was recorded.Resources for additional information:Blog: Eight Private Equity Trends to Expect in 2023 (And How to Respond to Them)Blog: A Business's Guide to R&D Expense Capitalization and Amortization ChangesBlog: 6 Tax Planning Items Ever Business Should Consider in Year-End Tax PlanningBlog: Significant Changes To How Your Company Accounts for R&D CostsBlog: 5 Ways a Company Can Use the R&D Tax Credit
The R&D Tax Credit still exists, and it might be able to help you offset the Section 174 changes. Michele talks to R&D Tax Credit expert Jonathan Cardella of Strike Tax Advisory to learn more. Learn more: What is the R&D Tax Credit? IRS R&D Tax Credit rules Please note: This podcast is for informational purposes only and is not tax advice. Talk to your tax preparer for advice about your specific situation.
Welcome to a very special bonus episode of What The Tech from Boast AI!Today, Boast AI's own Curtis Griffith and Joshua Martin address the most commonly asked questions about R&D tax credits. From determining eligibility to mastering documentation techniques, they'll guide you through all the crucial aspects that matter to your business. This conversation was originally featured as part of Boast AI's weekly InnovatorsLive series on LinkedIn.I hope you enjoy the show and stay tuned for next week's regularly scheduled episode of What The Tech featuring innovators from across North America's tech ecosystem!Boast AI accelerates the success of innovative businesses globally with software that integrates financial, payroll, and engineering data into a single platform of R&D intelligence. Visit Boast.ai, sign up for our Blog newsletter and follow us on LinkedIn for weekly #InnovatorsLive sessions and the latest news to fuel your growth. Intro and Outro music provided by Dennis Ma whose mixes you can find on Soundcloud at DJ DennyDex.
Here's a breakdown answering the question, “Is the R&D Tax Credit Worth It?” Enjoy! So here are the links I mentioned in this video:
Here's an overview of R&D Tax Credits for Startups. Enjoy! So here are the links I mentioned in this video:
R_D Tax Credit Thank you for listening to another episode of Wealth Game podcast. The goal is to get informal yet actionable advice directly to business owners and investors. The episodes are intended to be short and simple to allow busy professionals to get right to the point of growing their wealth and reducing their taxes. For topic suggestions, questions to cover, or collaboration requests please email questions@wealthgamepodcast.com. For additional information and links to all available platforms please visit our website at www.wealthgamepodcast.com
Here's an overview on How to Claim the R&D Tax Credit. Enjoy! So here are the links I mentioned in this video:
A recent webinar created confusion about the definition of ‘experimentation' within the federal tax laws relating to research and development tax credits for physicians. Expert agency TaxRx Group clarifies in a new report. Go to https://www.taxrxgroup.com/the-rd-tax-credit-experimentation/ for more information! TaxRx Group 390 East Center Street, Provo, UT 84606, United States Website https://www.taxrxgroup.com/ Phone +1-801-477-7525 Email megan@taxrxgroup.com
The R&D credit allows businesses to claim a tax credit for qualifying research and development expenses, including wages, supplies, and contract research costs. It was created to incentivize businesses to invest in innovation and technological advancement in the United States, and it can provide a significant cash infusion for future development.The R&D tax credit was introduced in 1981 as a temporary measure to encourage innovation and investment. Since then, it has been extended and modified several times and was made a permanent tax credit in 2018. How has the R&D tax credit changed since its inception and what does the future hold for this incentive?On today's episode of Weaver's On the Shop Floor podcast, hosts Colby Horn and Jody Allred, speak with Nancy Imholte, Director of R&D Tax Credit Services and Kurtis Dixon, Partner-Tax Services, to talk about the rules and regulations surrounding the R&D tax credit.The topics include:1. Compliance tips for businesses regarding the R&D tax credit2. Recent changes to the R&D tax credit from the IRS3. IRS audits of R&D tax credit claims"Research and Development(R&D) credits are a federal incentive to encourage companies to develop R&D in their companies and increase their spending year over year. It can be a nice cash flow incentive for companies,” said Imholte.Nancy Imholte has more than 20 years of experience in public accounts and leads research and development (R&D) tax credit services for Weaver. The R&D team services multiple industries including companies focused on manufacturing and distribution, oil & gas support services, software development, biotech, and many more. Nancy also provides tax compliance, planning and consulting services to small business and individuals.Kurtis Dixon has more than 15 years of experience in public accounting and focuses on providing tax compliance, planning and consulting services to Corporations, S Corporations, Partnerships and individuals. Kurtis also has experience with preparation and review of income tax provisions.
As Founder and President of MASSIE R&D Tax Credits, Jason is responsible for the quality, consistency, and integrity of our tax credit service offerings. He heads the Delivery Team at MASSIE and leads all Architecture and Controversy Phases for clients across the United States. He received a B.S. in Accounting from Christian Brothers University and a law degree from the University of Memphis. He was first introduced to R&D Tax Credits at a Big 6 accounting firm in Washington, D.C. Over the next few years; he led Big 4 and law firm practices in managing many types of federal and state tax planning, credits, incentives, and other cash flow strategies. He is widely recognized as an expert by his peers in the R&D Tax Credit and R&D Expenditure areas, with frequent speaking and writing engagements. Here are some of the beneficial topics covered on this week's show: What R and D credits are and aren't. How do you use technology to improve the process? An example of how to leverage technology to help with taxes. The passage of the Tax Cuts and Jobs Act (TCJA) made the research credit permanent in the tax code and made it even more attractive. The increased interest in r&d tax credit has overwhelmed the IRS, struggling to keep up with the number of tax returns with r&d claims. The IRS wants to change the form for refund claims and make taxpayers provide more information. Connect with Gary: Website: sbadvisors.cc/ Facebook: facebook.com/SmallBusinessAdvisors LinkedIn: linkedin.com/in/gary-d-heldt-jr-388a051/ Learn more about your ad choices. Visit megaphone.fm/adchoices
Tax season is here, and for businesses, most of our taxes are due very soon. Do you have any questions as you prepare to file? Whether you work with an accountant or file taxes yourself, this episode is for you. I put together a panel of finance experts to discuss common accounting mistakes. We discuss:The biggest accounting mistakes CPG brands make.The R&D Tax Credit and how it applies to CPG Brands.When to hire a salaried employee vs. an independent contractor.Panelists:Eric Sonsino, CPA - myPocketCFOJarrett Warner, CPA - Sensiba San FilippoAusten Legler - TaxTakerStartup to Scale is a podcast by Foodbevy, an online community to connect emerging food, beverage, and CPG founders to great resources and partners to grow their business. Visit us at Foodbevy.com to learn about becoming a member or an industry partner today.
This is a special edition of the podcast covering the US R&D tax credit. I invited Tyler Kem, President of Strike Tax Advisory, to discuss the latest on this tax credit. There were big changes to section 174 of the tax law affecting small businesses that claimed this credit in the past. No repeal of these changes is in sight, so we must understand where we stand today. To understand your tax situation, reach out to your CPA, tax accountant, and/or R&D tax specialist. Tyler Kem's LinkedIn: https://www.linkedin.com/in/tylerkem/ Tyler's email: tyler@striketax.com
October 20, 2022 - R&D Tax Credit
On August 16, 2022, President Biden signed the bipartisan Inflation Reduction Act (“IRA”) of 2022 into law. The bill includes sweeping legislation to create more incentives for green energy production, storage, and use through federal income tax credits and deductions. The IRA allows government and not for profit entities to cash in on certain credits, and it increases the payroll tax offset election for start-up companies.Brooks Nelson and Sarah McGregor are joined by Ron Wainwright, Partner in our Tax Credits and Incentives practice, to dive deep into the tax implications that are included in the IRA. This podcast covered the various tax credits, new and enhanced, for commercial vehicles, monetizing credits, research and development (“R&D”) for start-up companies, and much more.Extending existing creditsIntroducing a few new creditsCommercial vehicle credits Enhancements and bonuses Tax Exempt Entities can monetize creditsR&D tax credit for start-up companiesRaising and collecting tax revenues Related Guidance:Inflation Reduction Act Doubles R&D Tax Credit to Offset Payroll Taxes for Start-Up BusinessesInflation Reduction Act Nearly Triples Section 179D Tax IncentivesHow Can A&E Firms Take Advantage of New Tax Credits in the Inflation Reduction Act?
The R&D Tax Credit is a valuable tool for HVAC business owners. In this podcast, you'll learn how to take advantage of the R&D tax credit and recover tens of thousands in overpaid taxes. Robert is National Account Manager for Business Group Resources, a specialty accounting firm. He brings to his work a long and successful career as a small business owner, trainer and speaker, and consultant to small and mid-size businesses in the areas of marketing, operations, and organization. Email: robertbcurtiss@businessgroupresources.com Website: https://robertbcurtiss.businessgroupresources.com/ Linkedin: https://www.linkedin.com/in/robertcurtiss We'll be discussing: - What is the R&D Tax Credit? - What kinds of businesses are eligible for the tax credit? - I thought it was only for companies who invent something new...Why haven't I heard about this before? Why didn't my CPA tell me about it? - Aren't R&D Tax Credits too complicated and expensive to get? ...and more! Tune in to learn more :) Join our FB Group: www.facebook.com/groups/hvacfinancialfreedom/ Presented By Polianna (https://polianna.net/)
Michael Girdley (@Girdley) is joined by Jay Vasantharajah (@jayvasdigital) to talk about money as a taboo in the tech space, pricing power & how it affects business; the “Top Talent” contradiction, hiring overseas, Businesses being alive through systems, Twitter, and much more! Jay is a great thinker and even a better person, hope you enjoy this one. ----- * Do you love The Michael Girdley Show and want to see our smiling faces? Subscribe to our Youtube channel. * Do you enjoy our content? Rate our show! * Follow us on Twitter @GirdleyShow Find success in small business investing and entrepreneurship. ----- Show Notes: 0:00 Intro 1:07 Is Money a Taboo in the tech space? 12:44 The Top Talent contradiction: how can every company have the “top talent” in the market? 15:03 What differentiates a good business from a great one? 22:13 What is the power of systems? How do they save you money? [Clip] 25:12 What is precipitating the process-driven, systems approach in the software industry? 28:52 Off-shore labor: How do we think about it? 43:59 Canada's R&D Tax Credit vs America's one 46:59 Pricing Power: Can you raise prices? What does it tell about a business? [Clip] 50:14 How do you build a skill to identify pricing power? 56:54 Let's discuss Twitter: Why do we love it? Where is the value? What would we do as CEOs?! 1:04:04 What's your take on monetizing your Twitter account? Did you like this episode? Leave us your feedback in the comments! ----- Links: * https://jayvas.com/ ----- Past guests on The Michael Girdley Show include Jesse Tinsley, Rob LaBonne, Matthew Weidert, Craig Fuller, Sam Bacon, Cayse Llorens, and more. ----- Additional episodes you might enjoy: #24 The recruiter of choice: How JobMobz helps Silicon Valley companies grow so quickly - The Michael Girdley Show e24 #19 Grocery Store Chain Business - Rob LaBonne of Labonne's Markets - The Michael Girdley Show e19 #13 The Hard Money Lending Business - Matthew Weidert of Longleaf Lending - The Michael Girdley Show e13
Employee Retention Tax Credit (ERTC) and R&D Credit. This week Hunt discusses some tax credits that are being pushed to business owners recently. • What is the ERTC and do I qualify for it? • How do I know if I qualify and are there different things to look at with this credit? • What is the R&D Tax Credit? • What kinds of things do I need to be doing in order to qualify for this credit? The Show is sponsored by: Shop-Ware on the web at https://getshopware.com (getshopware.com) NAPA Auto Care Repair Shop of Tomorrow at https://repairshopoftomorrow.com (repairshopoftomorrow.com) Hunt Demarest, CPA Paar Melis and Associates – Accountants Specializing in Automotive Repair Visit us Online : http://www.paarmelis.com/ (www.paarmelis.com) Email Hunt: podcast@paarmelis.com Get a copy of my Book :https://paarmelis.com/your-perfect-shop-book-download/ ( Download Here)
Employee Retention Tax Credit (ERTC) and R&D Credit. This week Hunt discusses some tax credits that are being pushed to business owners recently. • What is the ERTC and do I qualify for it? • How do I know if I qualify and are there different things to look at with this credit? • What is the R&D Tax Credit? • What kinds of things do I need to be doing in order to qualify for this credit? The Show is sponsored by: Shop-Ware on the web at https://getshopware.com (getshopware.com) NAPA Auto Care Repair Shop of Tomorrow at https://repairshopoftomorrow.com (repairshopoftomorrow.com) Hunt Demarest, CPA Paar Melis and Associates – Accountants Specializing in Automotive Repair Visit us Online : http://www.paarmelis.com/ (www.paarmelis.com) Email Hunt: podcast@paarmelis.com Get a copy of my Book :https://paarmelis.com/your-perfect-shop-book-download/ ( Download Here)
Can your vegan company claim for the research or product development your company may have done? And before you say your company doesn't do R&D, don't be too quick to jump to that conclusion! Veganising a recipe for your food product, developing a new app or computer system, researching a new material or creating more environmentally-conscious packaging for your product - all these are all examples of R&D and there's a good chance that you can claim back on those costs. Lots of countries have R&D Tax Credit schemes including the UK, America, Australia and many European countries also run similar programmes. So to talk about this topic in a lot more detail, David is joined by Vegan Business Tribe member Michael Newnham, who is the Technical Expert from https://www.quantumtax.co.uk/ (Quantum R&D Tax Credits Ltd) to find out what you can and can't claim for. About Vegan Business Tribe Hosted by Vegan Business Tribe co-founder, David Pannell. Lisa & David have worked with some of the largest high-street brands and food manufacturers to help them understand and connect with the vegan marketplace. David is also the official UK agent for The Vegan Society's Vegan Trademark and Lisa writes the monthly business column in Vegan Food & Living - the biggest vegan print publication in the UK. Vegan Business Tribe is where they give back with weekly content, seminars, business clinics, networking events, mentoring and online courses to help you create a successful vegan business. If you want to go beyond the podcast and connect with our community of like-minded vegan entrepreneurs or get support from Lisa & David, then head over to https://veganbusinesstribe.com/ (www.veganbusinesstribe.com) where you will be welcomed with open arms!
Many professional healthcare practices are unaware of the existence of Research and Development (R&D) tax credits or how to claim them. Is your practice eligible? How do you claim them? Does your accountant even know what they are or how to apply for the credit? Host Ericka Adler, Roetzel Health Law practice group leader is joined by guest Brad Burch, Regional Vice President of Business Group Resources, for an in-depth discussion on the R&D tax credit. Their discussion focuses on how practices may qualify and take advantage of this potentially lucrative incentive. Find all of our network podcasts on your favorite podcast platforms and be sure to subscribe and like us. Learn more at www.healthcarenowradio.com/listen/
This episode of the Passage to Profit Show features Gene Sower from Samson Media, Paul Volen from Website Closers, Adonica Shaw from Wingwomen and Brent Johnson from Clarus R+D. Gene Sower & Paul Volen are sharing the featured guest speaker spot in this episode to discuss selling a business. Gene Sower is the President of Samson Media, a web design and Internet marketing company, serving small and medium-sized businesses since 2006. Services include website design, search engine marketing, SEO, social media, content marketing, email marketing and more. Paul Volen is a Business Broker and Advisor with Website Closers, a full-service brokerage service. Website Closers represents sellers of online businesses (eCommerce, Amazon, etc.) and acts as the negotiator, allowing businesses to get the best price and terms when buying or selling a business. Paul worked with Gene to sell Samson Media, and created a consulting arrangement with buyer so that Gene can still work for Samson Media as a consultant and while maintaining his title of being the President of the company. Read more at: https://samsonmedia.net/ and at https://www.websiteclosers.com Visit the Entrepreneur Presenters for February 20, 2022 at their Websites:Adonica Shaw is an author, speaker, trainer, women's health and wellness advocate and founder of Wingwomen, a health-focused social media network for women. The platform is currently in Beta, but provide access to peer support, advocates, health coaches, and concierge medical professionals through our private social media platform and easy-to-use directory. The Wingwomen platform provides access to individuals and professionals who are interested in providing potentially life-saving information to its users in an effort to improve women’s wellness outcomes. Read more at: https://www.mywingwomen.comBrent Johnson is the Co-Founder of Clarus R+D, a technology-driven solution for claiming the R&D tax credit through a combination of software and experts. The R&D Tax Credit stands for the Research and Experimentation (R&E) tax credit - a federal benefit that provides companies dollar-for-dollar cash savings for performing activities related to the development, design, or improvement of products, processes, formulas, or software. Businesses often understate their credit or overpay for their study but Clarus makes it easy for companies to maximize their benefit and reduce overall cost. Read more at: https://clarusrd.com Visit https://passagetoprofitshow.com/ for the latest updates and episodes.
This episode of the Passage to Profit Show features Gene Sower from Samson Media, Paul Volen from Website Closers, Adonica Shaw from Wingwomen and Brent Johnson from Clarus R+D. Gene Sower & Paul Volen are sharing the featured guest speaker spot in this episode to discuss selling a business. Gene Sower is the President of Samson Media, a web design and Internet marketing company, serving small and medium-sized businesses since 2006. Services include website design, search engine marketing, SEO, social media, content marketing, email marketing and more. Paul Volen is a Business Broker and Advisor with Website Closers, a full-service brokerage service. Website Closers represents sellers of online businesses (eCommerce, Amazon, etc.) and acts as the negotiator, allowing businesses to get the best price and terms when buying or selling a business. Paul worked with Gene to sell Samson Media, and created a consulting arrangement with buyer so that Gene can still work for Samson Media as a consultant and while maintaining his title of being the President of the company. Read more at: https://samsonmedia.net/ and at https://www.websiteclosers.com Visit the Entrepreneur Presenters for February 20, 2022 at their Websites:Adonica Shaw is an author, speaker, trainer, women's health and wellness advocate and founder of Wingwomen, a health-focused social media network for women. The platform is currently in Beta, but provide access to peer support, advocates, health coaches, and concierge medical professionals through our private social media platform and easy-to-use directory. The Wingwomen platform provides access to individuals and professionals who are interested in providing potentially life-saving information to its users in an effort to improve women’s wellness outcomes. Read more at: https://www.mywingwomen.comBrent Johnson is the Co-Founder of Clarus R+D, a technology-driven solution for claiming the R&D tax credit through a combination of software and experts. The R&D Tax Credit stands for the Research and Experimentation (R&E) tax credit - a federal benefit that provides companies dollar-for-dollar cash savings for performing activities related to the development, design, or improvement of products, processes, formulas, or software. Businesses often understate their credit or overpay for their study but Clarus makes it easy for companies to maximize their benefit and reduce overall cost. Read more at: https://clarusrd.com Visit https://passagetoprofitshow.com/ for the latest updates and episodes.
If you are a small or medium-sized business, you know how difficult it can be to put together all of the data you need to get the most out of tax law. There are tons of credits available to you, but you must know what qualifies so you can avoid a costly and time-consuming IRS audit. You can pay a tax professional to constantly monitor your activities to look for things like R&D tax credits, but that might cost the company more than what it will get back in credits. Now there's REV by Leyton to help you out.What is REV by Leyton?Are you looking for a better way to claim your business' tax credits? REV by Leyton is the perfect solution! This innovative digital platform was created by tax experts to make claiming tax credits simpler and faster than ever before. With REV, you can get the help you need to grow your business and take advantage of valuable tax credits that would otherwise be too complicated, costly, or time-consuming to claim on your own.The REV team understands the complicated tax code and knows how to help businesses like yours get the most out of their credits. Their early access window is currently serving businesses who qualify for the Payroll R&D Tax Credit, but their full launch product will serve multiple types of tax credits. REV by Leyton makes claiming your business' tax credits easier than ever.How does REV by Leyton work?Claiming your business' tax credits doesn't have to be difficult. REV by Leyton is a digital platform that makes it simple and straightforward to get the help you need. With the platform, you can easily find out if you qualify for any valuable tax credits and then claim them with ease.The REV team will work with you every step of the way to ensure that you get the most out of their platform. They understand the complicated tax code and know-how to help businesses take advantage of all of the credits available to them.Who is REV by Leyton for?The REV by Leyton platform is for small and medium-sized businesses who want to get the most out of their tax credits. The team at REV understands the complicated tax code and knows how to help businesses claim valuable credits that would otherwise be too difficult or costly to obtain on their own.If you are a business owner who wants to simplify the process of claiming your tax credits, REV by Leyton is the perfect solution. With this innovative digital platform, you can easily find out if you qualify for any valuable credits and then claim them with ease.SummaryREV by Leyton currently serves just R&D tax credits and is available in early access. The company plans to expand to other types of credits when the product launches officially. Head to the website to learn more or sign up for early access.Interview by Todd Cochrane of Geek News Central.Sponsored by: Get $5 to protect your credit card information online with Privacy. Amazon Prime gives you more than just free shipping. Get free music, TV shows, movies, videogames and more. The most flexible tools for podcasting. Get a 30 day free trial of storage and statistics.
If you are a small or medium-sized business, you know how difficult it can be to put together all of the data you need to get the most out of tax law. There are tons of credits available to you, but you must know what qualifies so you can avoid a costly and time-consuming IRS audit. You can pay a tax professional to constantly monitor your activities to look for things like R&D tax credits, but that might cost the company more than what it will get back in credits. Now there's REV by Leyton to help you out.What is REV by Leyton?Are you looking for a better way to claim your business' tax credits? REV by Leyton is the perfect solution! This innovative digital platform was created by tax experts to make claiming tax credits simpler and faster than ever before. With REV, you can get the help you need to grow your business and take advantage of valuable tax credits that would otherwise be too complicated, costly, or time-consuming to claim on your own.The REV team understands the complicated tax code and knows how to help businesses like yours get the most out of their credits. Their early access window is currently serving businesses who qualify for the Payroll R&D Tax Credit, but their full launch product will serve multiple types of tax credits. REV by Leyton makes claiming your business' tax credits easier than ever.How does REV by Leyton work?Claiming your business' tax credits doesn't have to be difficult. REV by Leyton is a digital platform that makes it simple and straightforward to get the help you need. With the platform, you can easily find out if you qualify for any valuable tax credits and then claim them with ease.The REV team will work with you every step of the way to ensure that you get the most out of their platform. They understand the complicated tax code and know-how to help businesses take advantage of all of the credits available to them.Who is REV by Leyton for?The REV by Leyton platform is for small and medium-sized businesses who want to get the most out of their tax credits. The team at REV understands the complicated tax code and knows how to help businesses claim valuable credits that would otherwise be too difficult or costly to obtain on their own.If you are a business owner who wants to simplify the process of claiming your tax credits, REV by Leyton is the perfect solution. With this innovative digital platform, you can easily find out if you qualify for any valuable credits and then claim them with ease.SummaryREV by Leyton currently serves just R&D tax credits and is available in early access. The company plans to expand to other types of credits when the product launches officially. Head to the website to learn more or sign up for early access.Interview by Todd Cochrane of Geek News Central.Sponsored by: Get $5 to protect your credit card information online with Privacy. Amazon Prime gives you more than just free shipping. Get free music, TV shows, movies, videogames and more. The most flexible tools for podcasting. Get a 30 day free trial of storage and statistics.
Many professional healthcare practices are unaware of the existence of Research and Development (R&D) tax credits or how to claim them. Is your practice eligible? How do you claim them? Does your accountant even know what they are or how to apply for the credit? Host Ericka Adler, Roetzel Health Law practice group leader is joined by guest Brad Burch, Regional Vice President of Business Group Resources, for an in-depth discussion on the R&D tax credit. Their discussion focuses on how practices may qualify and take advantage of this potentially lucrative incentive.
About Jeff Hyde: He is with Business Group Resources, who educates small business about the government tax-incentives that are available to them with the primary focus on the R&D tax credit. Prior to joining Business Group Resources, Jeff spent over 15 years on the financial service industry where he had roles in finance, marketing and analytics and he's now teaching the world about the R&D tax credit. He enjoys spending time with his family going on hikes and playing as much tennis as he can. In this episode, Carl White and Jeff Hyde discuss:How to qualify for the R&D tax credit The purpose of the R&D tax credit Discovering potential qualification Saving money that you've earned Key Takeaways: You don't have to invent something completely original to qualify. Bringing a new function into your practice is enough to qualify for an R&D tax credit. The R&D tax credit serves to promote entrepreneurialism, promote investment, and help companies become employers of choice through new training, new equipment, and new mechanisms available. Think of techniques, technology, or practices that have helped you grow your business and make it more efficient. These have the potential to get you qualified for the tax credit. However, the best way still is getting an expert to have a look at your practice and discover them. Qualifying for the R&D tax credit is a great way to help your independent practice's bottom line or to save some money. Remember that this is money that you've already earned from something you've already done. There's nothing to lose from trying to see if you're qualified for it. “Health care as a whole - it relies on research, it relies on new techniques, new procedures, the equipments constantly changing - so again, incorporating those new ideas, concepts, tools - are all helping your new business to be more innovative and more efficient.” - Jeff Hyde Connect with Jeff Hyde:LinkedIn: https://www.linkedin.com/in/jeff-hyde/Website: https://businessgroupresources.com Want to be a guest on PracticeCare? Have an experience with a business issue you think others will benefit from? Come on PracticeCare and tell the world! Here's where you can get the process started: https://marketvisorygroup.com/practicecare-podcast/ Connect with Carl White: Website: http://www.marketvisorygroup.comEmail: whitec@marketvisorygroup.comFacebook: https://www.facebook.com/marketvisorygroupYouTube: https://www.youtube.com/channel/UCD9BLCu_i2ezBj1ktUHVmigLinkedIn: https://www.linkedin.com/in/carl-white-711154/
In this episode, we sit down with Steve Ruda from ICS Tax, LLC and Casey Peterson income partner Tom Jasiak to talk about cost segregation and the Research and Development Tax Credit. What is it, how does it work, and how can depreciation benefit a business? Stick around to learn more! View show notes and other episode details at https://www.caseypeterson.com/podcast
"Sometimes CPAs get a little nervous or apprehensive because they're fully understanding what the research credit is about, how to claim it. So they're skeptical about how they want to prepare it or present it on return... So having another (party who) specializes in research credit services is very helpful because we're able to help the CPAs help their clients, which is basically the same goal that we all have in mind. Trying to get bigger amounts of credits for our clients, but we work together. So there's really no competition." - Jen BoltonThe finer details of this episode :What is an R&D Tax Credit?What are the new rules that applies to the R&D Tax Credit?How do you know what qualifies for an R&D Tax Credit?Advantages of partnering with firms like Leyton, that specialize in R&D Tax CreditEpisode resourcesSummit CPA website - www.summitcpa.netEmail us with questions - tax@summitcpa.net Leyton website - www.leyton.com
On this episode of the Raving Patients Podcast, Len sits down with Ben Dyches to discuss how the R&D tax credit provides a direct and potentially significant benefit to dental practices and dental practice owners. Most dentists are already doing things that satisfy the requirements to take this credit, but, as with all things tax-related, it's important to understand the fine print. Dr. Benjamin Dyches is the founder of Dr. Tax Credit, LLC. He studied microbiology and chemistry as an undergraduate before heading to dental school. Ben built multiple practices and worked with thousands of satisfied patients for over a decade. After selling his practices, he attended law school, with a focus on business law, healthcare law, and alternative dispute resolution. He is admitted to practice law in Utah and Nevada. Ben's background in science, hands-on patient care, business experience, and legal expertise make him a powerful and passionate advocate for healthcare and healthcare providers. He maintains a private law practice called Aegis Lion and resides in Utah with his family.
Dr. Lisa Faast reviews tax tips and strategies for pharmacy owners that will help you keep more net income in your pocket. **Disclaimer** I am not an accountant or tax professional. This podcast is not giving tax advice; please run all of these recommendations and strategies by your preferred tax professional. This is, however, wisdom that I have learned along my journey as a serial entrepreneur.* **Show Notes:** 1. **R&D Tax Credit** [1:28] 2. **Disabled Access Tax Credit** [3:29] 3. **Changes in 2018 Tax Law Regarding Inventory** [4:56] 4. **Employ Your Children** [6:40] 5. **Vehicle Purchase** [8:06] 6. **Pre-fund Employee Benefits** [9:22] 7. **Pre-pay Business Expenses** [10:02] 8. **Short Term Rental of Your House** [10:43] 9. **Invest or Buy Property** [12:41] Becoming A Pharmacy Badass is hosted by Dr. Lisa Faast, CEO of DiversifyRx. We are proud to be a part of the Pharmacy Podcast Network. Learn more about your ad choices. Visit megaphone.fm/adchoices
On this episode Mike Jesowshek, CPA talks with Jonathan Tucker from KBKG about the Research and Development (R&D) Tax Credit.1) What is the Research and Development (R&D) Tax Credit?2) What are the Potential Benefits of the R&D Tax Credit?3) R&D Tax Credit - Four-Part Test4) R&D Tax Credit - Qualifying Activities5) R&D Tax Credit - Qualifying Expenditures6) Interested in the R&D Credit? Setup a call to determine your eligibility and we will get you connected with our R&D expert!LINKS FROM THE SHOWShow Blog: https://www.taxsavingspodcast.com/blog/what-is-the-research-and-development-r-d-credit-and-how-do-i-qualifySign-Up for the Small Business Tax Savings Summit: https://www.taxsavingspodcast.com/summitJoin Our Tax Minimization Program: https://www.taxsavingspodcast.com/tax --------Podcast Host: Mike Jesowshek, CPA - Founder and Host of Small Business Tax Savings PodcastArticle: https://www.taxsavingspodcast.com/blog/what-is-the-research-and-development-r-d-credit-and-how-do-i-qualifyJoin Our Tax Minimization Program: https://www.taxsavingspodcast.com/taxJETRO Packages: https://www.jetrotax.com/packages/Book an Initial Consultation: https://harmonizely.com/mjesowshek-------Podcast Website: https://www.TaxSavingsPodcast.comFacebook Group: https://www.facebook.com/groups/taxsavings/--------To find out more on this topic and many others visit our website at www.TaxSavingsPodcast.com. You can also give us a call at 844-327-9272 or send your questions to us at: Ask@TaxSavingsPodcast.comIntroduction to the Small Business Tax Savings Podcast Outro for the Small Business Tax Savings Podcast
Join Cherry Bekaert's Industrial Manufacturing industry for our latest podcast series, “Building a Competitive Recovery,” where we discuss the challenges of this COVID-recovery landscape and provide strategies to position your manufacturing business for future success. In Part I of our series, Matt Brady, Partner & Industrial Practice Leader, talks with Joe Haehner, Director, Assurance Services, and McKenna Beddingfield, Senior Manager, Digital Advisory, about how manufacturers can use digital strategies to optimize their supply chain. We will start with an overview of the supply chain current state and review the current developments surrounding industrial supply chain strategy. Then, we will highlight several digital strategies that can be considered to manage supply chain challenges and evaluate key trends driving change in the industry. Related Guidance:Video Testimonial: Colonna's Shipyard Digital Transformation JourneyCase Study: Cree's Data-Driven Journey to Insights and Real ReturnsBrochure: Digital Transformation Services: Go-to-Market Optimization and Growth Article: R&D Cash Savings Opportunities for eCommerce SellersCase Study: R&D Tax Credit for Manufacturing CompaniesCase Study: R&D Tax Credit for the Marine IndustryCase Study: R&D Tax Credit for Manufacturer and Waste Water Services ProviderWebinar: Is Nearshoring the Solution for Supply Chain Resiliency?View All Podcasts from this Series:Part II: International Tax Changes are on the Horizon: Will Your Supply Chain Remain Tax Efficient? Part III: Is Vertical Integration the Right Solution to Ease Supply Chain Woes?Part IV: Leveraging New Market Tax Credits in Your Growth StrategyPart V: Utilization of Tax Strategies to Off-set Expansion CostsRelated Services:Digital Advisory R&D Tax CreditsRelated Industries:Industrial Manufacturing
The None of our Businesses crew gather to discuss reasons why staff are leaving your accounting firm, the east asian youth's philosophy of “Lying Flat” in a highly competitive job market, whether or not the R&D Tax Credit is still safe to claim, and Bronson's Virgin Galactic is being investigated by the FAA for veering off course during flight Unity 22. Staff Are Leaving - https://www.accountingtoday.com/list/5-reasons-staff-are-leaving-your-firm Lying Flat - https://www.cnn.com/2021/08/28/economy/china-japan-korea-youth-intl-dst-hnk/index.html R&D Tax Credit - https://www.accountingtoday.com/opinion/irs-lists-r-d-tax-credit-among-its-dirty-dozen-so-is-it-still-safe-to-claim Virgin Galactic Grounded - https://www.cnn.com/2021/09/02/tech/richard-branson-virgin-galactic-space-danger-scn/index.html None of Our Businesses Episode 93, September 2021
Join us as CountingWorks PRO Founder/CEO Lee Reams II and Patrick Shelley with Herowood dive into R&D Tax Credits and Patrick's background in the industry. The Research and Development (R&D) Tax Credit remains to be one of the best opportunities for businesses to substantially reduce their tax liability which is why in this episode emphasize why CPAs, EAs, and tax professionals should care about the R & D tax credit and more. Get in touch with R & D experts and learn more here.
We know you love our expert coverage of the transfer pricing landscape, but did you know we bring that same level of informative analysis to the world of research and development tax incentives? On The Fiona Show: R&D Tax Credit, we—along with leading tax experts—explore how these incentives reward companies for innovation, fuel economic growth, and lead to paradigm-shifting discoveries across industries. If you don't know R&D tax incentives, you may be part of the tragic majority leaving money on the table. Explore the back catalog of The Fiona Show: R&D Tax Credit to level up your tax knowledge, and subscribe to stay ahead on the latest in global innovation and the tax incentives that very likely come with it. CrossBorder Solutions
We know you love our expert coverage of the transfer pricing landscape, but did you know we bring that same level of informative analysis to the world of research and development tax incentives? On The Fiona Show: R&D Tax Credit, we—along with leading tax experts—explore how these incentives reward companies for innovation, fuel economic growth, and lead to paradigm-shifting discoveries across industries. If you don't know R&D tax incentives, you may be part of the tragic majority leaving money on the table. Explore the back catalog of The Fiona Show: R&D Tax Credit to level up your tax knowledge, and subscribe to stay ahead on the latest in global innovation and the tax incentives that very likely come with it.
July 22, 2021 - R and D Tax Credit Part 3
In this episode, Sarry is joined by Randy Crabtree, CPA, with 30 years of experience in public accounting and tax consulting. He worked closely with top company executives on tax planning and preparation engagements. Before co-founding Tri-merit, He was a managing partner of a certified public accounting firm. He handles tax consulting activities in a wide variety of industries. He loves to speak at webinars and make presentations on numerous accounting conferences focusing on the R&D tax credit, Cost Segregation Studies, and Employee Retention Credits. Also, he had several articles published related to the subject. Randy hosts an accounting industry podcast called the Unique CPA. This episode talks about: In-depth explanation and understanding of R&D Credits. How industry can qualify and maximize the R&D Credits. Importance of documentation in supporting the claim and application of a tax credit. What are the benefits of this program? Difference of credit and deduction from the standpoint of taxation. Opportunities and qualifications for taxpayers and business owners under the ERC and PPP program. Significance and consideration of correct analysis and calculations of refundable credit and its impact on businesses. To connect with Randy Crabtree, please visit: Podcast The Unique CPA Facebook https://www.facebook.com/TriMerit/ Email Info@tri-merit.com Company Website www.tri-merit.com Contact information : 800.624.1076 To learn more about Infinite Banking, please reach out to us at https://finassetprotection.com/ You can also schedule a free call with us here: https://calendly.com/financialservicesins
July 15, 2021 - R and D Tax Credit Part 2
Learn Business Growth StrategiesR&D For You and Me – The R&D Tax Credit and Why You Should Care About it. Guest: Tyler Kem Co-Founder & Vice President of Strike R&D Tax Advisory, tax consultant, and entrepreneurWho is Tyler Kem?Tyler Kem is a tax consultant and an entrepreneur. He is the Co-Founder and Vice President of Strike R&D Tax Advisory,What is Strike R&D Tax Advisory?Strike R&D Tax Advisory is a consulting firm that helps customers gain insight into the world of R&D tax law and aids in re-fueling their innovation. R&D Tax CreditR&D Tax Credit is “a permanent federal tax credit in 2015, as part of the Path Act, which is really what opened up an immense amount of opportunities for startups, specifically, but also allowed for many other industries to start claiming that tax credit.”The qualifications are very broad, with a basic rule of thumb: everything fundamentally relies on hard science. This applies to:Computer scienceEngineeringBiologyPhysicsChemistry So if you're a company in these industries, you probably qualify.TechnologyEngineeringFood & BeverageConsumer GoodsAnd tons moreThe R&D Tax Credit is a U.S. labor-based incentive. Instead of outsourcing, you can qualify if you keep your labor inside the U.S., which comes with paying higher wages. Starting the Process Many people who qualify for the R&D Tax Credit aren't willing to pay the upfront fees, the retainers, and the monthly billings to claim the credits. And some companies are 10, 20, 30, even $40,000 out of pocket before they even know the size of the credits they're going to be getting. How Strike Can HelpSo Tyler's company Strike does a few things that make the process a whole lot easier:Aligned their interests with the interests of the client from day 1No out of pocket costsNo retainersNo monthly billing OR fixed feesSuccess based fee structure (so they don't get paid until the company is able to use their credits)Offer unlimited audit support (in terms of hours… So if something gets challenged, they've got your back)They EVEN give a fee guarantee on their claims, so if the IRS decides to claw back on 10% of the credits, 10% of their fees go back to the client.If you want to go back in time and apply for these benefits before becoming aware of this credit, you can! The federal statute of limitations is three years from the filing date, so you can go back to the 2018 tax credits and see what cash refunds you have waiting for you!How Does the R&D Tax Credit and the R&D Tax Provisioning Play into Financial Audits?There are a few steps:The Document Gathering PhaseThe Calculation ProcessThe Deep Dive PhaseDuring the first phase, they can gather all of the financial documents; then they work with the business owners and software developers during the second phase. Then they can really understand their systems and find a nexus in between the expenses. Strike's job is to work FOR the company; they're not working for Strike!If this doesn't apply to you, tons of deductions and credits could be available to you in your own personal tax return, so don't miss out.Want To Learn More, about Strike and Tyler Kem?You can reach Strike directly at striketax.com, you can also email him directly at Tyler@striketax.com, or you can call the number on the website and speak to one of the people
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 is Who can qualify for tax credit The top activities that qualify for R&D tax credit How manufacturers can be more proactive about tracking what's eligible for tax credits http://manufacturinghappyhour.com/iTunes (Enjoying 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 Hamilton Links & mentions: https://www.cohnreznick.com/?utm_source=show_notes&utm_medium=link&utm_campaign=manufacturing_happy_hour (CohnReznick LLP), a leading advisory, assurance, and tax firm helping forward-thinking organizations achieve their vision with extensive expertise in the R&D Tax Credit https://fiveboroughs.com/ (Five Boroughs Brewing), a brewery and taproom in the heart of Sunset Park, Brooklyn https://www.hitimewine.net/ (Hi-Time Wine Cellars), specializing in tequila, this wine & spirits shop is located in Costa Mesa, CA Make sure to visit http://manufacturinghappyhour.com/ (http://manufacturinghappyhour.com) for detailed show notes and a full list of resources mentioned in this episode. Stay Innovative, Stay Thirsty.
What is the Research and Development Tax Credit? Is your small business doing research or some other type of activity that would qualify for this tax credit? What types of businesses are eligible to claim the credit? We will discuss these questions and much more, including what the Research & Development Tax Incentive is, the background, what activities qualify, and the best industries to qualify. If you missed taking this credit, we will discuss the necessary steps to apply for the credit for open tax years. The R & D tax incentive is underutilized by small business. We will help you to use this power strategy to create a legacy of wealth.
Building Enclosure's Editor, Lindsay Lewis, recently sat down with BRAYN Consulting LLC's Brady Bryan and Kevin Sullivan to discuss their upcoming AIA-approved webinar with The Energy Management Association. The webinar, “The Triple Play” – Tax Incentives for Energy Efficient Designers, will examine specialty tax incentives such as the R&D Tax Credit, 45L Tax Credit and the 179D Deduction.
Tiffany Bisconer, CPA and Director of Acena Consulting, comes on the show today to break down the R&D Tax Credit and answers questions from The Fizzle Members.
In this episode of MakingChips, Jason, Jim and Nick discuss the R&D Tax Credit. This could be a huge saving for your manufacturing company, but please don’t take this episode as legal, accounting or any similar advice; you should contact a professional after you have listened to this episode. Segments: 0:40 | Jim points out that he utilizes ProShop ERP tool "Work by Industry Dashboard" to receive real time data 3:12 | Jason asks Nick and Jim "Do you guys like paying taxes?" 3:45 | Jason references Oliver Wendall Holmes, Jr., Former Associate Justice of the Supreme Court - quoted "Taxes are what we pay for a civilized society" 4:22 | Jason references Billings Learned Hand, Former American Judge and Judicial Philosopher who served in the U.S. District Court of Appeals quoted "Anyone may arrange his affairs so that his taxes shall be as low as possible; he is not bound to choose that pattern which best pays the treasury. There is not even a patriotic duty to increase one's taxes" 9:43 | Jason shares manufacturing news - what are legislators trying to accomplish, when they come out with a new tax law? 12:45 | Jim calls Paul Van Metre of ProShop ERP to talk about how a client of his utilized the R&D Tax Credit 19:34 | Jason explains what type of research qualifies for the R&D Tax Credit 28:14 | Jim talks about ProShop ERP, to record Documentation Data Metrics 29:34 | Nick, Jim and Jason discuss what may qualify you for the R&D Tax Credit 32:40 | The hosts offer their final thoughts
What is the Research and Development Tax Credit? Is your small business doing research or some other type of activity that would qualify for this tax credit? What types of businesses are eligible to claim the credit? We will discuss these questions and much more, including what the Research & Development Tax Incentive is, the background, what activities qualify, and the best industries to qualify. If you missed taking this credit, we will discuss the necessary steps to apply for the credit for open tax years. The R & D tax incentive is underutilized by small business. We will help you to use this power strategy to create a legacy of wealth.
In this interview Irish Tech News speaks to Stephen Brennan about the R&D Tax Credit, including what makes a project worth claiming and the nature of R&D. They also discuss current technology trends, including Deep Learning, the ethics of AI and how science and technology as we know it might change with the introduction of Quantum computing and the eventual arrival of the Singularity. Stephen Brennan is a Senior Scientific Consultant within the KPMG Tax Incentives Practice. He leverages past experience in the Silicon Design and Medical Device Industries to advise clients on how to claim the R&D Tax Credit. Stephen has extensive experience working within R&D teams and has had papers published at the Intel INTC conference and the Qualcomm GSOC Summit.
Al Lenac, founding member of Manufacture Results LLC, joins the show to talk about the State and Federal Research & Development Tax Credit.
Today’s guest is a wealth strategist for small business owners. He specializes in tax incentives and rebates, while keeping tax dollars liquid so that they can be used along the way. With over a decade of experience in helping small business owners implement these strategies, Derick has built a network that gives his clients access to benefits that have long been available to only the exceptionally wealthy. EPISODE RESOURCES https://www.biglifefinancial.com Subscribe to The Dentalpreneur Podcast Visit the Dentalpreneur Podcast website Write a Review on iTunes Dental Success Network
On this week’s hemp podcast, we talk to David De Vore, R&D technical consultant with Leyton, an international funding innovation consulting firm that specializes in working with hemp farmers to take advantage of R&D tax credits offered by the IRS. According to De Vore, the tax credit offsets income tax liability directly, dollar for dollar, but the amount of tax credit available for farmers depends on how much a given company is spending on research and development. “I’ve seen credits of twenty thousand dollars, all the way up to millions of dollars, just depending on how large the farm is or how innovative they are,” De Vore said in the interview. What sorts of activities count as R&D? “If you’re innovative, if you’re testing new strains, new growing or irrigation techniques, you can qualify for this credit and it can directly offset taxable income, De Vore said. “And there’s actually another incentive that offsets payroll liability.” De Vore said that many farmers are already meeting the requirements for this tax credit, but either don’t know about the tax credit or didn’t realize they were eligible. Leyton https://leyton.com/us/rd-tax-credit-opportunity-for-hemp/ News Nuggets U.S. Hemp Roundtable Seeks Amendment to Remove In-State Manufacturing Requirement from New Hampshire CBD Bill https://www.hempgrower.com/article/us-hemp-roundtable-in-state-manufacturing-new-hampshire-cbd-cannabidiol-bill/ California backs off narrower THC testing window https://hempindustrydaily.com/california-backs-off-narrower-thc-testing-window/ US EPA grants $100,000 to support Washington hemp bricks manufacturer https://hempindustrydaily.com/us-epa-grants-100000-to-support-washington-hemp-bricks-manufacturer/ Montana Passes Bill Advancing Hemp Seed as Animal Feed https://www.lancasterfarming.com/farming/industrial_hemp/montana-passes-bill-advancing-hemp-seed-as-animal-feed/article_6d2854d6-9ca6-11eb-a7fc-83e9ec98972e.html New Hemp Production Class To Teach Students About Cannabis Industry, Economics, & More https://onwardstate.com/2021/04/08/new-hemp-production-class-to-teach-students-about-cannabis-industry-economics-more/ Hemp Legalization in Idaho Nears the ‘End Zone’ https://www.hempgrower.com/article/idaho-senate-approves-hemp-legalization-bill-heads-to-governer/ Special Thanks to our Sponsor IND HEMP https://www.indhemp.com/careers
It wasn't available to you. Now, it might be. This was the amount. Now, the amount is different for a different year.Here's the eligibility criteria. Now, here's some new criteria too.What sounds like a befuddling riddle is actually a description of The Employee Retention Tax Credit (ERTC). It's changed a lot in the last few months. Now, organizations who have PPP loans are able to qualify for this tax credit too. New guidelines have been established for how to claim the credit in 2020 and 2021. The extension and expansion rules have evolved. So if your company is looking to take advantage of the ERTC, how can you make sense of the tax credit in a way that leads to claiming dollars for your business instead of scratching your head?In this episode, ERTC advisor Cristy Andrews, CPA, CGMA explains the points of interest for this tax credit, while special guest Tim Gothard, Executive Director of the Alabama Wildlife Federation, shares the story and perspective of an organization that has utilized—and benefitted from—the ERTC. After listening to this episode, you'll be able to:Know the amount of the ERTC available per employee (despite common misconceptions)Understand how a refundable tax credit benefits organizations Recognize how laws have changed from prohibiting some organizations from claiming the ERTC to allowing them to claim the ERTCUnderstand the basics of eligibility for 2020 and 2021—and how they are differentKnow the two different ways your organization can qualify for the ERTCResources Mentioned in this Episode:Alabama Wildlife Federation WebsiteCOVID-19 Resource PageForm to Ask a Warren Averett Advisor for ERTC HelpAdditional Resources for Continued Learning:Blog Post and Infographic: Employee Retention Tax Credit (ERTC) [What Companies Should Know]Blog Post: Two Ways to Leverage the R&D Tax Credit in Light of the CARES ActTax Alert: New Stimulus Package Includes Several Tax Changes and Provisions
Come learn how you can use the R&D Tax Credit to recover tax overpayments, get back the money you deserve, and increase the value of your dental practice. You can connect with Robert Curtiss on LinkedIn - look for Robert with the green checkmark at the end of his name. Or you can check him out at https://robertbcurtiss.businessgroupresources.com/ (Curtiss has 2 s)
Robert Curtiss helps U.S. companies be more competitive by assisting them in getting the R&D tax credit they're entitled to. He is an Account Executive at Business Group Resources. Their company helps businesses identify and claim the incentives, rebates, and credits that Congress initially mandated in 1981. Robert is also a Centricity Certified Coach which allows him to help business owners develop strategic relationships and vibrant business networks for client referrals, new opportunities, and professional growth. In this episode… Many eligible small businesses are unaware that they are eligible for and are entitled to the R&D tax credit–95% of companies with 50 employees or fewer who could benefit from the R&D tax credit either didn't know about it or weren't taking advantage of it. And according to today's guest, Robert Curtiss, it all boils down to knowing what you are entitled to. Robert asserts that there are two things to look at: the type of business and its size. But what types of businesses are eligible for the R&D tax credit and how big should their business be for them to qualify? And more importantly, how do they go about the filing process? On this episode of the Tax Resolution Ninja Show, host Allan Rolnick interviews Robert Curtiss of Business Group Resources about which businesses are eligible to file for an R&D tax credit. They'll be talking about the business types and sizes qualify for the R&D tax credit, why many are unaware of their eligibility, and how this can be used to leverage a much-needed inflow for your business.
What’s the toughest part about running your business? If you’re like a lot of entrepreneurs, you’d probably say either “taxes” or just straight-up “money.” But what if you could make the toughest part of running your business work in your favor? Tony Kassaei is a legendary wealth advisor, speaker, co-founder of multiple companies, investor and Apex executive member who specializes in revolutionizing the way entrepreneurs and business owners approach their finances, especially where it concerns taxes. Tony is dedicated to helping clients bridge the gap between tax codes and the CPA firm to maximize their resources and grow like crazy. On this episode of the Step It Up Entrepreneur podcast, Tomas and Tony tackle topics like the massive lifestyle changes that happen when you actually commit to a self-improvement routine like 75 Hard, the well-hidden tax credit you’re currently missing out on - plus how Tony helps his clients take advantage, and some of the myths surrounding Jeff Bezos and other business giants. Tune in for an illuminating interview that could make next tax season your best ever. What You’ll Learn: What kind of pushback Tony has seen from the people in his ecosystem since he started doing the hard work to level himself up (and how he puts that negativity in context) How Tony learned the insane value of minimally-invasive, top-tier work from a diesel mechanic Why most of the popular opinions about the IRS are way off base, and how to shift your perspective to hate your taxes less And much more! Favorite Quote: “I tell everybody, like, it's free money. After being 20 years in Wall Street, where some people lose money, some people make money - it's not the most fun job, especially when the market goes to shit. I've had the most fun with this business, because you're giving, you’re finding people money, especially in this environment, we're literally changing lives.” Tony Kassaei Connect with Tony: Facebook How to Get Involved: From his start in the GPS tracking industry to founding the Step It Up Academy, Tomas Keenan is on a mission to break out of the concept of “average” and reach success that is anything but. And he wants you to join him. Check Tomas out on Facebook, LinkedIn, Instagram and don’t forget to visit tomaskeenan.com and sign up to make sure you never miss an episode drop. You can also find this show on Apple Podcasts - don’t forget to drop a rating and review! Your feedback is very much appreciated.
Quote“This applies to more agencies than not, and if you don't ask you are not going to receive.” - Dave Danic The finer details of this episode The four parts of qualifying for the R&D tax creditWhat if you are a Canadian-based company with USA operations? Things that might exclude you from the tax credit Extra steps you can take to make sure you get the credit How to find a tax accountant who can help you qualify for the R&D credit The amount of money you could save with the R&D credit Episode resourcesSummit CPA website - www.summitcpa.netEmail us with questions/comments- vcfo@summitcpa.net
Alliantgroup specializes in the Research & Development tax credit, which is a wage-based credit that allows businesses to essentially fund and pay for R&D to find a new way of doing things. Rick Lazio and the alliantgroup team have already helped thousands of companies across a variety of industries secure millions from this credit in the first few months of 2020 alone. During the pandemic, it’s been more critical than ever for businesses to quickly innovate with technology to meet new consumer and society needs. Rick shares examples of their innovative work and how the R&D credit has allowed companies to expand and increase innovation to strengthen business across the country. But Rick has an inspirational story to share too. Rick is a former US Representative from New York serving in Congress from 1993-2001. While there, he became a strong advocate for small businesses by sponsoring the successful Small Business Tax Fairness Act. After Congress, Rick moved to the private sector, working for JP Morgan Chase as a Managing Director and then Executive Vice President. Rick is committed to his continued interest and support of small to mid-sized businesses by brokering his insight and experience in the public and private sectors to provide strong job growth incentives. This interest has extended into his civic and philanthropic work in New York with the Committee for Economic Development and the Association for a Better New York. Rick Lazio is a former US Representative from New York serving in Congress from 1993-2001. While there, he became a strong advocate for small businesses by sponsoring the successful Small Business Tax Fairness Act. After Congress, Rick moved to the private sector, working for JP Morgan Chase as a Managing Director and then Executive Vice President. Rick is committed to his continued interest and support of small to mid-sized businesses by brokering his insight and experience in the public and private sectors to provide strong job growth incentives. This interest has extended into his civic and philanthropic work in New York with the Committee for Economic Development and the Association for a Better New York. alliantgroup’s mission is to strengthen American businesses by helping US companies, and the CPA firms advise them to take full advantage of federal and state tax credits, incentives, and deductions available to them. The US government has legislated these powerful programs to help businesses grow and successfully compete in the US and abroad. I wanted to learn more about how they have helped over 16,000 companies claim more than $8 billion in tax incentives!
Understanding whether optometrists qualify for the R&D tax credit is not a simple answer. There are many questions that need to be asked and parameters that must be met. Unfortunately, not all of those parameters are met with clear, black-and-white definitions from the IRS but are rather subjective in nature. This can open the door for misunderstanding of the credit at best or outright fraud and abuse at its worst. In this episode, join us as we have a discussion with Kyle Riddle of McGuire Sponsel about the in’s and out’s of the R&D tax credit. As a reminder, you can get all the information discussed in today’s conversation or check out any number of additional free resources like our eBooks and on-demand webinars by visiting our website at integratedpwm.com and clicking on the Learning Center. You can also visit this page to set up a 20-30min Triage conversation to learn a little bit more about how we help ODs around the country reduce their tax bill, manage cash flow, and make proactive money decisions. Tax Deductions to Benefit From–and Exercise Caution Before Claiming Simon Sinek on Millennials in the Workplace ————————————————————————————— Please rate and subscribe to 20/20 Money on these platforms Apple Podcasts Spotify Google Play Stitcher ————————————————————————————— For past episodes of 20/20 Money with full companion show notes, please check out our episode archive here!
This episode is part of the small business finance series I am working on. So what is the history of the R&D credit? What is it? Learn all that today! Justin's Website: https://www.biglifefinancial.com/researchcredits Music Credit: The Purple Planet --- Send in a voice message: https://anchor.fm/thefruglife/message Support this podcast: https://anchor.fm/thefruglife/support
Research and development tax credits are a great way to offset expenses and add cashflow to businesses. But many business owners don't even know they qualify for these credits. In this episode, Chris Miles and Justin Maxwell, Tax and Wealth Strategist at Big Life Financial, explore research and development tax credits and what business owners need to know. Justin works with small to medium-sized business owners, dentists, chiropractors, real estate investors, automotive industry, construction companies, software companies, manufacturing firms, franchise owners, real estate brokerage owners and more. R&D Tax Incentive specialist, 95% of business owners are not using this incentive. Justin helps you get back on average between 10K-50K in taxes. Free qualification check-- see how much money he can get you back! For more info, go to http://biglifefinancial.com/researchcredits Chris Miles, the "Cash Flow Expert and Anti-Financial Advisor," is a leading authority on how to quickly free up and create cash flow for thousands of his clients, entrepreneurs, and others internationally! He's an author, speaker, and radio host that has been featured in US News, CNN Money, Bankrate, Entrepreneur on Fire, and spoken to thousands getting them fast financial results. http://moneyripples.com/ https://www.twitter.com/chriscmiles https://www.facebook.com/moneyripples https://www.youtube.com/channel/UCJS6bPY8sm53pkjiCSuBKMA
Research and development tax credits are a great way to offset expenses and add cashflow to businesses. But many business owners don't even know they qualify for these credits. In this episode, Chris Miles and Justin Maxwell, Tax and Wealth Strategist at Big Life Financial, explore research and development tax credits and what business owners need to know. Justin works with small to medium-sized business owners, dentists, chiropractors, real estate investors, automotive industry, construction companies, software companies, manufacturing firms, franchise owners, real estate brokerage owners and more. R&D Tax Incentive specialist, 95% of business owners are not using this incentive. Justin helps you get back on average between 10K-50K in taxes. Free qualification check-- see how much money he can get you back! For more info, go to http://biglifefinancial.com/researchcredits Chris Miles, the "Cash Flow Expert and Anti-Financial Advisor," is a leading authority on how to quickly free up and create cash flow for thousands of his clients, entrepreneurs, and others internationally! He's an author, speaker, and radio host that has been featured in US News, CNN Money, Bankrate, Entrepreneur on Fire, and spoken to thousands getting them fast financial results. http://moneyripples.com/ https://www.twitter.com/chriscmiles https://www.facebook.com/moneyripples https://www.youtube.com/channel/UCJS6bPY8sm53pkjiCSuBKMA
Monetize Your Mindset - Create Finacial Security Monetize what You Already Know
This is the fifth and final Recap episode. I will picking out the best information, in my opinion, from episodes 42 to 49. In the first slot is Lindsey Leigh Hobson the creator of Stick I. She is on a mission to help a million young adults break the mold and think out of the box. Next up is Phil Gerbyshak, he is a LinkedIn expert and teaches us how to use LinkedIn for business. We then talk with Jacob Paulsen of ConcealedCarry.com. One of the things he shared with us is getting your dream domain name. Next Kristin Petrucci, she has monetized her mindset. She has 3 side hustles going right now! Sean Knudsen shares how dog training helped him with PTSD and turned into a thriving business. Then we chat with Linda the Lender - Linda Creswell about how she got started in the mortgage industry. Justin Maxwell helps us understand the R & D Tax Credit. Finally AJ Wilcox. He is a LinkedIn ads expert and shared about linked in ads and also how easy it is to go viral on LinkedIn right now. This is a great episode I hope you enjoy it!
The None of Our Businesses crew discuss who at the IRS is conducting the examination of research and development tax credits. R&D Tax Credits – https://www.alliantgroup.com/services/r-d-tax-credit-2/ Roundtable discussion from None of Our Businesses Episode 31
Julio Gonzalez, Founder, and CEO of Engineered Tax Services about how the R&D Tax Credit could help businesses find money they qualify now in addition to other CARES Act & SBA programs.
In the multiple conversations I have with the various technical experts I work with, there are many times when I have been enlightened with new information. I am launching this mini-series to introduce some of those ideas you may not have thought of regarding strategies for U.S. Businesses. The first episode is giving some insight and information into how the R & D Tax Credit may be available for Mortgage Companies. I hope you find it informational and beneficial. If you have any questions or need additional information, please contact me at michael.warady@exelaonline.com.
LOFTCAST is a video and audio podcast designed to help, empower and inspire the radical change-makers of today to become the success stories of tomorrow. This series features high-impact people from all walks of life who’ve seen it, done it and want to share what they've learned along the way. These interviews are brought to you by Glasgow-based design and branding agency - the loft.The second episode of LOFTCAST introduces Brian Williamson - a Scottish entrepreneur, investor and multi-award-winner. In a wide-ranging interview with Benedetto Bordone, the founder of the loft, Brian speaks about ‘Ordinary People Doing Extraordinary Things’ where he touches on his up-bringing, the tremendous success of R&D Tax Credit specialists Jumpstart and how his early experiences as a manager in a factory in the highly unionised 70s/80’s shaped his career for the better.He gives some great insights into how he has been able to effectively engage, energise and create more efficient workforces, his passion for entrepreneurship, how the benefits of a 4 day work week with current company 4icg is shaping their success, finally how receiving 'the yellow card’ (Cancer) has affected his wider outlook and the changes he's made since going into remission. There is also a special Q&A at the end of the interview with questions from the Scottish Business Community.This film is rich with advice, stories and experiences from Brian’s past, present and future. It is absolutely perfect for people who are looking to build better teams, develop a more enterprising mindset or just want to become better leaders,We hope you enjoy watching this series as much as we’ve enjoyed producing it for you. See acast.com/privacy for privacy and opt-out information.
Qualifying for the R&D Tax Credit is more common than you would think, and a lot of Manufacturing & Distribution companies are leaving money on the table. Listen to Frazier & Deeter's Audit Partner Bill Godshall discuss this topic with Tommy Zavieh, the National Practice Leader of our R&D Tax Credit practice, to find out if your company qualifies for this credit.
The good news is that many companies that put forth an effort to improve their own products and processes are eligible to receive the R&D Tax Credit, which can boost their bottom lines. The bad news is that some companies never even know it. Floyd Holliman, CPA, Member in the Firm's Tax Division and leader of the Firm's Specialty Tax Services Group, joins Kim and Paul to discuss the R&D Tax Credit, what the credit used to be, what it is now, what products and activities could make your company eligible to benefit from it and what common pitfalls companies face.
As our clients continue to grow globally, they are asking what other tax incentives are available to them. I am excited to have Peter Corley from The MPA Group join us in the studio to talk about the R & D Tax Credit in the UK and how clients are benefiting from the credit.
In this week's episode we speak to David an Andres from Leyton (www.leyton.com), an international firm that has been specialising in R&D Tax credits with over 22 offices worldwide.Tax credits are a seriously under-utilised resource for most companies as they can get tax back for the majority of money and time they invest into the development of their Podio systems. This is a must-listen for all Podio Partners who should be working with Leyton to bring their clients R&D Tax Credit savings (to offset their charges) and all companies who are investing into Podio to develop their processes.David and Anders break down what R&D Tax Credits really mean and how they can be applied to normal businesses using Podio. They also explain how Leyton only takes a percentage of the tax savings, so their is no up-front expenditure.To get a direct introduction to Leyton and arrange a free consultation with their experts:http://bit.ly/taxcredit-intro
Companies are looking for the competitive advantage. The Federal Research & Development Tax Credit is one of the least utilized tax incentives available. Deb Roth, CPA and Managing Director of SourceHOV Tax's R & D Tax Credit group is in studio to give us some insight into the expansion of the credit and why it makes sense to look at it now more than ever.
Tyler Kem, CEO of Visionary Tax, joins us to discuss an invaluable tax credit that businesses in the blockchain and crypto space should be looking into – the R&D Tax Credit. Tyler discusses how your company can qualify for this credit, when to take the credit, and how his services can assist any business interested […]
Summary: What is the R&D Tax Credit? Welcome to this special edition of the Litigation Quality Patent PatentCast. I’m Your Host Craige Thompson of Thomson Patent Law. This is a very special podcast because we're joined by Jeff Holmberg who's a manager a CPA with Froehling Anderson, out of the Minneapolis Minnesota office. He's going to teach us something very important for in the inventors and innovators who are seeking patents and are doing R&D. We are going to talk about the very important R&D tax credit program. Jeff is an expert in he has been doing this for a long time in his career and specializing in the area and on this R&D Tax Credit. The R&D Tax Credit is especially important to people who get patents, because you know, we want to pay as little to the government as possible. That's the idea here when you're doing research and development.
Tyler Kem, CEO of Visionary Tax, joins us to discuss an invaluable tax credit that businesses in the blockchain and crypto space should be looking into - the R&D Tax Credit. Tyler discusses how your company can qualify for this credit, when to take the credit, and how his services can assist any business interested in learning more about it.
Tyler Kem, CEO of Visionary Tax, joins us to discuss an invaluable tax credit that businesses in the blockchain and crypto space should be looking into – the R&D Tax Credit. Tyler discusses how your company can qualify for this credit, when to take the credit, and how his services can assist any business interested […]
Smart Agency Masterclass with Jason Swenk: Podcast for Digital Marketing Agencies
Do you struggle to find the right employees? Would you like to retain the amazing employees you have? What about the R&D tax credit that got one agency $150K? Employee retention and acquisition doesn't have to be a headache. And, agency expansion concerns don't need to keep you awake at night. With the right culture and the proper hiring methods, you can find those hassle-free employees and keep them around. Plus, when you train and develop their skills, you could be eligible for a major tax credit. In today's episode, we'll cover: The 3 biggest employee onboarding red flags. #1 most important employee retention tool. Does your agency qualify for a big R&D tax credit? Today, I talked with Dobbin Buck, who's living the dream at his agency GetUWired. Not only is Dobbin a super passionate agency owner, but he also gets to spend his days working from a cabin-turned-agency nestled at the foothills of Blue Ridge Mountain in Georgia, USA. Dobbin has over 40 team members now, and he shares his experiences with hiring and retaining those employees — as well as how his agency landed a whopping $150,000+ tax credit. 3 Biggest Employee Onboarding Red Flags Finding, hiring and onboarding employees is tough! I've talked to tons of agency owners who don't want to grow due to concerns of hiring and managing a large team. Increasing your headcount doesn't have to be super stressful if you pay attention to the warning signs and you can filter out those potential trouble employees. Here are 3 signs that someone may not belong at your agency: 1. They don't jive with your culture: This is huge! Your agency's culture defines the business. If you have a cultural misfit, it may be time to have a talk. Things like this are fairly obvious right away, and it might be an easy fix either with a conversation or by cutting someone loose. It's way easier to change someone's skill-set than it is to change their personality or comfort level 2. They chase the carrot too hard: Having an employee that goes the extra mile is great! Who doesn't want that? But, if you're interviewing someone who seems to only care about the hustle, you might want to reconsider. They're going to get burnt out faster, and they may be too focused on work to really get to know your business and your culture. Remember, employees need some time off work to build critical relationships. 3. They don't think outside-the-box: Dobbin said he includes a problem in his hiring process that isn't solvable without outside research. If the employee comes back and complains that they didn't receive enough material, it's an immediate red flag. Make sure you're hiring people who can take the reigns when they need to. Here's a link to his 10-step hiring process mentioned in the interview. #1 Most Important Employee Retention Tool Company culture is everything. Your culture is the gas in the tank. When you offer an amazing agency culture, your employees will stick with you. In addition to culture, avoid those red flags above and a build a team who shares your vision, which will help keep them around. In today's climate, team members have so many options. There are thousands of agencies hunting for great talent, so it's key to use your culture as a #1 driving motivator. Your company is the one major differentiator you have against other their other options. Pay is great, but when team members know they are part of a bigger plan and they work with people who share that vision, they're going to stick around. Does Your Agency Qualify for a Big R&D Tax Credit? Dobbin talked about how he got a tax credit recently for a whopping $157,619! Now that's a tax credit! The R&D tax credit — officially "the Credit for Increasing Research Activities" — is for experimenting with technology with a qualified purpose. Most agencies qualify, so if you're not trying to capture that R&D tax credit, you're missing out! Dobbin said he hesitated for a long time before finally making the jump and working with a tax firm to apply for it... It looks like it paid off! If you want to know more about the tax credit, I did a podcast with a tax specialist - check it out here. Are You Looking for Outsourced Copywriting for Your Agency or Clients? Verblio is a content creation solution designed specifically for agencies. Their writers can help with everything from blog posts to ebook to video scripts and more. Forget the hassle of finding and hiring your own writers. Verblio has a pool of more than 3,000 highly vetted writers who produce custom, SEO-rich content. You set the criteria for style and tone and they match you with writers that have expertise in your specific subject matter. Verblio's platform is designed specifically for agencies -- and for a limited time, they are offering my audience 50% off your first month of content. My team is using Verblio and loving it, so make sure you check them out.
The research and development (R&D) tax credit, originally enacted as part of the Economic Recovery Tax Act of 1981 to encourage companies to invest in R&D in the U.S., was modified and temporarily extended 16 times before being made permanent with the Protecting Americans from Tax Hikes Act of 2015 (PATH Act). Learn how the R&D tax credit can possibly reduce your tax liability on a dollar-for-dollar basis as guest Ashley Thompson joins host Damien Martin to discuss the tax opportunity and share insights on how it applies to the craft beer industry. TIMESTAMPS OF WHAT'S COVERED [ 02:19 ] Researching craft beer [ 07:22 ] Overview of the R&D tax credit [ 12:17 ] The perception that having fun isn't R&D [ 13:48 ] Types of expenses that qualify for the credit [ 19:29 ] What's a credit study? [ 24:37 ] Changes under the PATH Act [ 29:13 ] Election to use the credit against payroll taxes [ 30:13 ] Example of the credit for manufacturers of packaging equipment [ 33:04 ] Innovation and the R&D tax credit [ 35:31 ] Allocating resources when starting up or innovating [ 38:25 ] Gray areas and documentation BIO FOR GUEST Ashley Thompson leads the BKD R&D Tax Credit Services team. He has 18 years of experience helping clients claim federal and state R&D tax credits. He helps taxpayers who do not claim credits identify, document and calculate available credits and implement strategies to efficiently capture qualified research expenses on a go-forward basis. Ashley has significant experience defending R&D tax credit claims for both public and private companies before the IRS, including representation at the appellate level. He has worked with companies ranging in size from small closely held businesses to large multinational conglomerates. Connect with Ashley on LinkedIn ADDITIONAL RESOURCES Mentioned in the episode Craft Brewers Conference Oaken Barrel Brewing Company Articles on R&D tax credits Research & Development Tax Credits After Tax Reform Substantiating Your R&D Tax Credit Claim R&D Tax Credit Extended for 2015 and Beyond Research & Development Credits for Inbound Companies Webinars on R&D tax credits The Improved R&D Tax Credit R&D Tax Credit – Software Development GET MORE SIMPLY TAX A complete archive of our episodes is available on our website and YouTube playlist. We'd love to hear from you! Email feedback and questions to SimplyTax@bkd.com. Connect with Damien on social media! LinkedIn | Twitter | Instagram
The research and development (R&D) tax credit, originally enacted as part of the Economic Recovery Tax Act of 1981 to encourage companies to invest in R&D in the U.S., was modified and temporarily extended 16 times before being made permanent with the Protecting Americans from Tax Hikes Act of 2015 (PATH Act). Learn how the R&D tax credit can possibly reduce your tax liability on a dollar-for-dollar basis as guest Ashley Thompson joins host Damien Martin to discuss the tax opportunity and share insights on how it applies to the craft beer industry. TIMESTAMPS OF WHAT’S COVERED [ 02:19 ] Researching craft beer [ 07:22 ] Overview of the R&D tax credit [ 12:17 ] The perception that having fun isn’t R&D [ 13:48 ] Types of expenses that qualify for the credit [ 19:29 ] What’s a credit study? [ 24:37 ] Changes under the PATH Act [ 29:13 ] Election to use the credit against payroll taxes [ 30:13 ] Example of the credit for manufacturers of packaging equipment [ 33:04 ] Innovation and the R&D tax credit [ 35:31 ] Allocating resources when starting up or innovating [ 38:25 ] Gray areas and documentation BIO FOR GUEST Ashley Thompson leads the BKD R&D Tax Credit Services team. He has 18 years of experience helping clients claim federal and state R&D tax credits. He helps taxpayers who do not claim credits identify, document and calculate available credits and implement strategies to efficiently capture qualified research expenses on a go-forward basis. Ashley has significant experience defending R&D tax credit claims for both public and private companies before the IRS, including representation at the appellate level. He has worked with companies ranging in size from small closely held businesses to large multinational conglomerates. Connect with Ashley on LinkedIn ADDITIONAL RESOURCES Mentioned in the episode Craft Brewers Conference Oaken Barrel Brewing Company Articles on R&D tax credits Research & Development Tax Credits After Tax Reform Substantiating Your R&D Tax Credit Claim R&D Tax Credit Extended for 2015 and Beyond Research & Development Credits for Inbound Companies Webinars on R&D tax credits The Improved R&D Tax Credit R&D Tax Credit – Software Development GET MORE SIMPLY TAX A complete archive of our episodes is available on our website and YouTube playlist. We’d love to hear from you! Email feedback and questions to SimplyTax@bkd.com. Connect with Damien on social media! LinkedIn | Twitter | Instagram
Interesting GT podcast (note upcoming deadline!)
As 2015 came to a close, Congress passed a package of tax extenders that among other things expanded the Research and Development Tax Credit and made it permanent. The move represents a big win for innovation-based industries, but the life sciences in particular, which will benefit from a new provision that allows companies to capitalize on the credit ahead of producing revenue. We spoke to Dan Mennel, California Market Leader of Strategic Federal Tax Services for Grant Thorton and Matt Gardner, CEO of the California Technology Council, about the R&D tax credit, what it does, and what it means for the life sciences.
Amid the drumbeat to make R&D tax credits permanent big questions loom over reach and complexity. But what will drive the most innovation? See acast.com/privacy for privacy and opt-out information.
For Immediate Release: Has the R&D Tax Credit expired? Kendra Pelch interviews Ryan Maddock with important Advisor questions from the field. Ask a Question or Share a Story for an… read more →
Pam Villarreal - Market Wrap - R D Tax Credit
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