R&D tax credits - Are you missing out?

Attend a free seminar Tuesday, July 20, and find out how savvy manufacturers and processors are reducing their tax liabilities and improving their cash flow. The very broad definition of "R&D" can result in substantial tax reductions and returns for your company.

 

Tuesday, July 20, 2010

1:00 - 2:30 pm

UND Center for Innovation

4200 James Ray Drive, Grand Forks 

To register for the seminar or a private appointment with Scott Schmidt on July 19-20 contact Molly Maurer at the Center for Innovation at 701-777-3132, Molly@innovators.net

Presenters:  Scott Schmidt, Principal, Black Line Group, Minneapolis  and Ryan Rauschenberger, Deputy Tax Commissioner, North Dakota Tax Department, Bismarck

Many companies have substantial R&D taking place through their "process" development and improvement activities. Find out if your processes are eligible for state and federal tax credits.

The federal R&D Tax Credit encourages American manufacturers to innovate and invest back into their businesses in order to compete more effectively on a global basis.   The R&D Tax Credit is tricky, and it's cumbersome to understand all of the rules and regulations. But, if implemented correctly, it can prove quite beneficial. The key is "if implemented correctly." This presentation will address both the benefits and the risks of claiming an R&D Tax Credits.  Effective use of the R&D Tax Credit may result in the creation of substantial amounts of cash, minimally into the many tens of thousands of dollars, a reduction of current and future tax liabilities, and improved cash flow.

North Dakota was very deliberate in establishing the most aggressive R&D tax credits in the country to foster innovation.  The North Dakota R&D Tax Credit is 25% for the first $100,000 of excess expenses in a tax year. http://www.nd.gov/tax/taxincentives/income/researchcredit.html

Black Line Group is one of the nation's leading providers of R&D Tax Credit services. For more information about the R&D Tax Credit and Black Line Group's work, call Scott Schmidt at 763-550-0111 or visit our website at www.blacklinegrp.com

This seminar is sponsored by the UND Center for Innovation and the North Dakota Trade Office.