Posted By: Michael S. on March 10, 2016 in Manufacturer Focus
Acuity Insurance’s manufacturing specialist, Mike S., brings you up to speed on an important topic for tax season, research and development tax credits that are available to manufacturers. This tax credit is for manufacturers that perform research and development. It was recently made permanent and was expanded to companies with less than $50 million in revenue. This research and development tax credit isn’t just a tax deduction, but is a full dollar to dollar tax credit on the taxes owed.