An overlooked source of cash for New York manufacturers is the Research and Development (R&D) tax credit. This incentive helps companies to grow by reducing its tax liability for qualified R&D expenditures.
The R&D tax credit can be used for creating new or improved products, processes, and software.
We have more information and a recorded webinar where you can learn more before the next tax return deadlines in the fall, https://www.amt-mep.org/rd-tax-credit/
…or we can set-up a Zoom call to answer any of your questions on how your manufacturing company can take advantage of this program. Contact Jeff DuBrava at jdubrava@amt-mep.org
