HOUSTON, Aug. 16, 2017 /PRNewswire/ — alliantgroup Managing Director Tracy Lustyan will be hosting a free webinar next week to discuss the recent five-year retroactive extension of the Illinois state research and development tax credit. Lustyan’s presentation, “Illinois R&D Credit Renewal: A Big Win for State Businesses,” takes place on Thursday, August 17that 12:00 pm CT and will cover why business owners should not overlook this opportunity to bring immense value back to their companies.

By renewing its state’s R&D tax credit until 2021, the State of Illinois has provided much needed certainty for business owners. The state credit—coupled with the federal R&D tax credit—is anticipated to pump millions of dollars back into Illinois’s economy and local communities, providing state businesses the extra capital they need to hire new workers, purchase new equipment and reinvest in their operations.

During this free presentation, Lustyan will cover the qualifications for both the state and federal credit and why Illinois businesses from a range of industries have been able to receive significant tax savings for what amounts to their daily projects.

“The State of Illinois did their state economy a huge favor when they extended the state R&D tax credit last month,” said alliantgroup CEO Dhaval Jadav. “This extension will open up so many investment opportunities for companies around the state. I would encourage Illinois business owners, leaders and executives to attend this webinar to learn more about this potentially valuable opportunity for their businesses.”

alliantgroup is a leading tax consultancy and a premier provider of specialty tax services. Our firm is committed to helping U.S. businesses and their CPA advisors properly identify and claim all available government-sponsored tax incentives. Headquartered in Houston, and with offices in Chicago, New York, Boston, Orlando, Indianapolis, Sacramento, Orange County and Washington D.C., alliantgroup has helped over 20,000 businesses claim more than $5 billion in federal and state tax incentives. For more information on alliantgroup, please visit us on Facebook, LinkedIn and Twitter.