In the dynamic world of craft beverages, innovation isn't just a buzzword, it's the very heart of what you do. From developing unique flavor profiles to optimizing your production processes, every bottle, pint, and pour is a testament to your dedication to quality and distinctiveness.
But what if we told you that many of the creative and technical activities you already undertake daily could qualify you for a significant federal tax credit and money that can be reinvested directly into your business?
Often misunderstood as a benefit exclusively for "high-tech" companies, the Research & Development (R&D) Tax Credit is a powerful federal incentive designed to reward U.S. businesses of all sizes for their innovation. And yes, that includes wineries, breweries, and distilleries just like yours!
You might be surprised by how many of your daily operations fall under qualifying R&D activities. The IRS’s criteria reward businesses that eliminate technical uncertainty through a process of experimentation rooted in the sciences (biology, chemistry, engineering).
The R&D Tax Credit can provide immediate cash benefits, even if your business isn't currently profitable.
Eligible small and early-stage companies can elect to use the credit to offset up to $500,000 per year in payroll taxes (specifically, the employer portion of Social Security and Medicare taxes). This effectively puts cash back into your business when you need it most, long before you generate significant income tax liability.
Imagine reinvesting those funds into new equipment, expanding your team, or developing your next award-winning product!
The R&D Tax Credit allows you to claim expenses from current and previous years including wages for employees involved in R&D, the cost of supplies (ingredients, yeast, barrels) used in test batches, and contractor expenses (e.g., lab testing).
Your innovation is what separates you in a competitive market. It’s time to be rewarded for it.
Understanding the IRS's four-part test and properly documenting your activities can be complex. Our firm has deep experience in the craft beverage industry and can identify your qualified activities and maximize your credit claim, ensuring you get the maximum benefit.
Click here to schedule a free, 30-minute consultation to see if your winery, brewery, or distillery qualifies for this immediate cash flow benefit.
P.S. If you have spent significant time or money in the last three years developing new products or processes, you could be sitting on an immediate refund. Don't wait for tax season, let's find your money today!
In the dynamic world of craft beverages, innovation isn't just a buzzword, it's the very heart of what you do. From developing unique flavor profiles to optimizing your production processes, every bottle, pint, and pour is a testament to your dedication to quality and distinctiveness.
But what if we told you that many of the creative and technical activities you already undertake daily could qualify you for a significant federal tax credit and money that can be reinvested directly into your business?
Often misunderstood as a benefit exclusively for "high-tech" companies, the Research & Development (R&D) Tax Credit is a powerful federal incentive designed to reward U.S. businesses of all sizes for their innovation. And yes, that includes wineries, breweries, and distilleries just like yours!
You might be surprised by how many of your daily operations fall under qualifying R&D activities. The IRS’s criteria reward businesses that eliminate technical uncertainty through a process of experimentation rooted in the sciences (biology, chemistry, engineering).
The R&D Tax Credit can provide immediate cash benefits, even if your business isn't currently profitable.
Eligible small and early-stage companies can elect to use the credit to offset up to $500,000 per year in payroll taxes (specifically, the employer portion of Social Security and Medicare taxes). This effectively puts cash back into your business when you need it most, long before you generate significant income tax liability.
Imagine reinvesting those funds into new equipment, expanding your team, or developing your next award-winning product!
The R&D Tax Credit allows you to claim expenses from current and previous years including wages for employees involved in R&D, the cost of supplies (ingredients, yeast, barrels) used in test batches, and contractor expenses (e.g., lab testing).
Your innovation is what separates you in a competitive market. It’s time to be rewarded for it.
Understanding the IRS's four-part test and properly documenting your activities can be complex. Our firm has deep experience in the craft beverage industry and can identify your qualified activities and maximize your credit claim, ensuring you get the maximum benefit.
Click here to schedule a free, 30-minute consultation to see if your winery, brewery, or distillery qualifies for this immediate cash flow benefit.
P.S. If you have spent significant time or money in the last three years developing new products or processes, you could be sitting on an immediate refund. Don't wait for tax season, let's find your money today!
