FABTECH 2023

F602: Build a Competitive Advantage: Government Incentives and R&D Tax Credits (Room S404D)

*This conference session requires registration and payment.

How to Use the R&D Tax Credit to Lower Your Tax Liabilities and Build a Competitive Advantage
Let's be honest, it's tough to find the money to reinvest back into the business with the rising cost for health care, materials, and employee wage and retention. As a manufacturer, many are not aware of a Federal and often state R&D tax credit that potentially can be used to lower your tax liability. The reduction gives the business owner the opportunity to reinvest this money back into your shop to improve processes, purchase equipment or improve cash flow.
John L. Madsen - Black Line Group

Co-Venturing with the Government (Governmental Incentives to Recover Your Risk of Capital)
The federal government has focused significant capital to address inflation by investing in climate change solutions. This session we will discuss and outline goals your manufacturing company should have to reduce inflation impacts. Topics include developing a clear picture of your sustainability goals and utilizing governmental solutions to reduce inflationary impacts such as available tax credits and deductions, exclusion of taxable income, alternative financing arrangements, grants, pricing incentives with renewable energy developers and other future governmental sticks to drive climate change.
Kerry Gordon, CPA and Jim Donovan, CPA - Eide Bailly