When Section 41 was introduce in 1981, it was originally designed to help save the automotive industry. Since then, Congress has recognized the power of Section 41 and has expanded it to help more industries and businesses. Now, the agriculture industry, and feedlots in particular, are claiming significant funds from this powerful government program. In fact, Section 41, remains the largest tax incentive available to agriculture businesses.
Feedlots are eligible to claim the incentive based on the work they are already doing every day. Activities such as developing feed rations that maintain or improve the performance and health of cattle; examining daily feed intake, animal weight, and feed conversion rates to determine animal performance; and evaluating any diseases or illness that afflicts the cattle and recommending treatment options, are all the types of activities that qualify.
alliantgroup has assembled some of the best in the industry to research and provide the information you need to fully understand how the Section 41 can truly benefit your business. Section 41 has sometimes been referred to as the R&D Credit and you may have read about it in Rick Lazio’s article on Financing Alternatives to the PPP. You may also have read about the power of Section 41 in Forbes, Fortune and Politico but for a more in depth look, be sure to read our white paper.
In this white paper, you will learn:
- Which industries and companies are benefiting the most from the R&D credit
- Why changes relating to laws, regulations, guidance and court decisions have greatly expanded the amount of companies that are eligible for the credit
- Why business owners and CPAs tend to overlook the R&D credit in regards to their tax planning
You can also find out how your business may already qualify with a quick 5-minute call with one of our specialist. Give us a call at 844-898-3280 to find out if we can help put money back in your business today.
R&D Tax Credits White Paper
To download the white paper, please complete this form.