Shows
Buy the NumbersDiving into R&D Credits, Entity Selection, and the Work Opportunity Credit, Ep #11What if you could save thousands on your taxes with a few strategic changes to your business? In this episode, Nick Romanelli and Dylan Valentyn from Clifton Larson Allen share key tax strategies that many manufacturers overlook. We dive into the R&D tax credit, showing how manufacturers—whether small job shops or larger factories—can qualify by innovating in ways they may not have considered, such as improving products, developing new processes, or creating prototypes. By documenting these activities and tracking time and materials, manufacturers can unlock valuable credits that could significantly boost their bottom line. 2025-02-2031 minBuy the NumbersUnlocking Tax Savings: Essential Strategies You Can Implement Immediately, Ep #10What can you do to impact your tax liability for 2024? With tax season right around the corner, manufacturers are faced with the crucial task of optimizing their tax strategies to both reduce liabilities and unlock future growth potential. In part one of a two-part series, I sat down with tax experts Dylan Valentyn and Nick Romanelli from CliftonLarsonAllen (CLA) to explore the critical tax-saving opportunities that could significantly improve cash flow and business sustainability—for 2024 and beyond. We kick off with a discussion on tax planning, particularly focusing on strategies for deferring taxes an...2025-02-1332 min