Many agricultural businesses, including those in the poultry industry, are unaware that the government offers generous research and development (R&D) incentive programs, or they may believe that such programs do not apply to agricultural companies. Even those that are aware often fail to capture the full extent of R&D tax credits to which they are entitled. If you think you have to have a PhD and a laboratory to be conducting qualified activities as defined by the Internal Revenue Code, think again.
Has your operation produced new or improved products recently? Have you modified processes to increase yields, accelerate weight gain, or other improvements to the efficiency of your operation? If the answer is yes, then there is a strong chance that your poultry company could benefit from an R&D Tax Credit study. Let alliantgroup’s agriculture experts help you claim the credits that you deserve!