Crafting Innovation: Maximizing the Manufacturing R&D Tax Credit

August 6, 2024

On Tuesday, August 6, 2024, Brown Plus will host a Wake-Up to Manufacturing Session with the Manufacturers’ Association of South Central Pennsylvania (MASCPA). Randy Fackler, CPA, MST, Principal and Tax Director, and Matt Fox, CPA, Tax Principal, will present on the Research and Development (R&D) Tax Credit for the manufacturing industry.

Annually, the manufacturing industry claims $47.4 billion in R&D tax credits; yet, numerous manufacturing companies mistakenly assume they do not qualify for the credit because they aren’t developing new products. If your company is attempting to improve or develop processes, products or software, you may be eligible for R&D tax credits.

Join Brown Plus for an insightful presentation on unlocking the potential of the R&D Tax Credit. We’ll provide information on the 4-part qualification test, cover a range of qualifying R&D activities tailored for manufacturers and outline the federal and PA filing requirements you need to know. We’ll also provide insights into Section 174 requirements for R&D expenditures and explore real-life case studies of how we’ve helped local manufacturing companies take advantage of the R&D Tax Credit. Let us help you see what’s possible to maximize your tax benefits, while also fueling growth and innovation within the manufacturing sector!

This event will be held in the Manufacturers’ Association Center of Excellence, located at 3405 Board Road, Suite 100, York, PA 17406. To register, please visit: https://mascpa.org/event/wake-up-to-manufacturing-8-6-24-crafting-innovation-maximizing-the-manufacturing-rd-tax-credit/