Date: Wednesday, March 5, 2013
Time: 12:00pm-1:00pm Central Time
Cost: $25 – AMBA Members and $75 – Non-Members
Now that the country has been talked off the “fiscal cliff”, and with tax season underway, it’s time to explore whether your company can benefit from the R&D Tax Credit.
As they have done consistently since 1981, Congress passed legislation as part of the American Taxpayer Relief Act of 2012 extending the Research & Development tax credit. The new law extends the incentive retroactively back to January, 1st of 2012 and through December 31, 2013.
Because they typically don’t have their own product line and are making parts for other companies, it’s widely believed that “Job Shop/Contract Manufacturers” do not perform Research and Development (R&D). “We get a drawing from our customer and we just make the part” is a common response from people that don’t understand how broad the definition of R&D is for tax credit purposes.
However, what these companies don’t realize is that much of what takes place on a day-to-day basis in the “Job Shop/Contract Manufacturing environment” may qualify for the R&D Tax Credit, and may be causing these companies to leave substantial money on the table. For companies that have not taken advantage of the R&D Tax Credit in the past, this can potentially mean the creation of immediate and substantial amounts of cash, minimally into the many tens of thousands of dollars annually. In addition, companies can reduce future tax liabilities and improve cash flow.
The webinar will explain what types of activities taking place in the moldmaking environment can qualify for the R&D Tax Credit, the things to consider, and the best way to approach the R&D Tax Credit.
Limited web connection space is available for this webinar! Register today to hold your spot!
REGISTER ONLINE OR CALL 847.222.940
About The Presenter
Scott Schmidt - Principal, founded Black Line Group in 2003 to educate and assist companies through the process of successfully applying for the R&D Tax Credit, the firm's sole focus. He has presented information on the R&D Tax Credit for trade associations across the country and has authored numerous articles on the topic.
Editor's PickThe ABCs of the R&D Tax Credit
Here’s what you need to know to see if you qualify for this often lucrative tax credit. Chances are, if you build complex molds, you are entitled to reap the benefits.