How Manufacturers Can Reclaim Thousands Through R&D Tax Credits

Manufacturing Minute

• 26 min

Play episode

In this episode of Manufacturing Minute, host Megan Meador welcomes Nick Janda from the Specialty Tax Group to discuss how manufacturers can reclaim significant funds through R&D tax credits. They explore what qualifies as R&D, the benefits of these credits, and how businesses can navigate the application process. Nick explains the potential financial impact, revealing that companies can expect to recover 8 to 12 cents on every qualified dollar spent on R&D activities. The conversation highlights the importance of documentation and proactive planning to ensure compliance and maximize benefits. Whether you're a small manufacturer or a larger enterprise, this episode offers valuable insights on leveraging R&D credits to reinvest in your business. Tune in to learn how to avoid common pitfalls and take full advantage of this opportunity.