Vermont Technology Alliance Lunch & Learn Session Nov. 16: R&D Tax Credits for Vermont Tech Businesses and Startups
The Vermont Technology Alliance is presenting a Lunch & Learn session on how Vermont tech and other businesses and start-ups can qualify for federal R&D tax credits, saving tens of thousands of dollars in taxes. Noon to 2 p.m.
The Federal Research and Development (R&D) Tax Credit was introduced in 1981, and is intended to incentivize companies to develop new and improved products or processes. Since then it has evolved, and the credit now rewards companies of all sizes — not just large businesses — that innovate in a variety of ways.
Businesses that do software development or invest in new technologies are ideal candidates for claiming these unique tax credits. They can be used to offset income tax liabilities, or they can be used to offset payroll taxes by start-up businesses that are not paying income taxes yet. It’s not too late for those who qualify to claim the credit for this tax season if the process required for the necessary calculations begins before year-end.
Presenters are Bret Hodgdon of Davis and Hodgdon Associates, and David Fleischer of Business Resource Services. Bret and Dave have worked with a number of Vermont software development, tech, manufacturing and other companies to help them save thousands of dollars in tax credits, and will provide insight into how businesses can take advantage of this opportunity.
Find additional information and register at http://www.vermonttechnologyalliance.org/event/Research