Lunch and Learn: R&D Business Tax Credits

500 South Main Street,Salt Lake City UT 84101

07 April, 2021

Description

Is your business leaving tens, possibly hundreds of thousands of dollars on the table by not claiming the R&D Business Tax Credit? Is your business leaving tens, possibly hundreds of thousands of dollars on the table? If your business invests time and resources into product or process improvement, it is highly likely that it is eligible to (easily) claim possibly tens or hundreds of thousands of dollars in Research and Development (R&D) tax credits. Come share your lunch hour with us and enjoy amazing cuisine courtesy of the Lucky H Lounge at Little America as our R&D tax expert, Duncan Glenn, CPA, discusses how to ensure you begin taking advantage of this extremely lucrative tax credit. Capitalize on networking with other business professionals as you become more educated on ways to help your business and/or your clients. Future events are also planned on Wednesdays throughout 2021 from 12:00 p.m. to 1:30 p.m. at Thymes and Seasons restaurant in Bountiful, Utah. Please see all of our event dates and RSVP for the event date that works best for you. If you do not see an event date that would work for your schedule, but would like to attend in the future, please contact [email protected] so that he can alert you to future events when they are scheduled. You are also welcome to return to future events with guests. Registrations per event are limited, and lunch is planned for all RSVP’d guests, so please RSVP quickly to reserve your space. If you would like to bring others, please do so, but please make sure that your guest is also registered so that we can plan on lunch for them as well. ___________________________________________ COVID 19 Precautions: We have cleared our COVID precautions with the government and are implementing the following rules, per guidelines: COVID Precautions: 1. Limit of 14 guests per event. 2. Hand sanitizer available upon entry, eating and exiting. 3. Masks required throughout the restaurant when not eating. 4. Guests agree to not come if feeling any headache, back ache, sore throat or cold/flu symptoms. Due to the limited capacity, please cancel your RSVP if something comes up or you choose to reschedule to another event time so that we can ensure as many guests as would like to attend, are able to. Thank you, ___________________________________________ About the R&D Tax Credit: The Research and Development (R&D) Tax Credit remains one of the best opportunities for businesses to substantially reduce their tax liability. For what amounts to their daily activities, companies from a wide-range of industries can qualify for federal and state tax savings high to enough to allow companies to hire new employees, invest in new products and service lines, and grow their operations. Now, due to numerous modifications and expansions over the years, more companies than ever before can benefit from this valuable incentive. The R&D Tax Credit, as prescribed in 26 U.S.C. § 41, was introduced in 1981 to increase technical jobs in America by encouraging businesses to invest in innovation. The credit is calculated based on the wages of the employees that are performing the qualifying work, making it the most valuable tax incentive available to businesses.