10 Questions: Increase cash flow with the R&D Tax Credit
In the July 24, 2019 installment of the CohnReznick National Tax Webinar Series, members of our National Tax Practice reviewed ways to increase cash flow with the Research & Development (R&D) Tax Credit. During this webinar, they reminded our attendees that American businesses that design and develop new or improved products and processes can earn substantial tax savings through the R&D Tax Credit. In addition, our team reviewed:
- Ways to increase cash flow and immediately reduce current year regular tax liability, AMT, or FICA
- Using the credit to gain significant savings through a multiyear analysis
- How to gain permanent tax savings and a reduction of your overall effective tax rate
- How the R&D Tax Credit can be claimed in addition to any tax deduction taken for R&D expenses
- Other enhancements made to the R&D Tax Credit that you may not be aware of
Any advice contained in this communication, including attachments and enclosures, is not intended as a thorough, in-depth analysis of specific issues. Nor is it sufficient to avoid tax-related penalties. This has been prepared for information purposes and general guidance only and does not constitute professional advice. You should not act upon the information contained in this publication without obtaining specific professional advice. No representation or warranty (express or implied) is made as to the accuracy or completeness of the information contained in this publication, and CohnReznick LLP, its members, employees and agents accept no liability, and disclaim all responsibility, for the consequences of you or anyone else acting, or refraining to act, in reliance on the information contained in this publication or for any decision based on it.
On-Demand Webinar: Increasing Cash Flow with the R&D Tax Credit
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