The research and development (R&D) tax credit, originally enacted as part of the Economic Recovery Tax Act of 1981 to encourage companies to invest in R&D in the U.S., was modified and temporarily extended 16 times before being made permanent with the Protecting Americans from Tax Hikes Act of 2015 (PATH Act). Learn how the R&D tax credit can possibly reduce your tax liability on a dollar-for-dollar basis as guest Ashley Thompson joins host Damien Martin to discuss the tax opportunity and share insights on how it applies to the craft beer industry.
TIMESTAMPS OF WHAT’S COVERED
BIO FOR GUEST
Ashley Thompson leads the BKD R&D Tax Credit Services team. He has 18 years of experience helping clients claim federal and state R&D tax credits. He helps taxpayers who do not claim credits identify, document and calculate available credits and implement strategies to efficiently capture qualified research expenses on a go-forward basis. Ashley has significant experience defending R&D tax credit claims for both public and private companies before the IRS, including representation at the appellate level. He has worked with companies ranging in size from small closely held businesses to large multinational conglomerates.
Connect with Ashley on LinkedIn
ADDITIONAL RESOURCES
Mentioned in the episode
Articles on R&D tax credits
Webinars on R&D tax credits
GET MORE SIMPLY TAX
A complete archive of our episodes is available on our website and YouTube playlist.
We’d love to hear from you! Email feedback and questions to SimplyTax@bkd.com.
Connect with Damien on social media!
