Harvesting the R&D Credit: Turn Innovation Into Intentional Tax Planning

Agricultural businesses innovate every day, from improving production processes and experimenting with inputs to developing new products, techniques, and technologies. Those activities may create opportunities for the R&D tax credit, but generating a credit doesn't necessarily mean realizing its full value. 

This session will walk through the technical foundation of the R&D credit in an agricultural setting and then take the analysis one step further: planning for utilization.

Using practical agricultural examples, we'll discuss qualifying activities and expenditures, documentation, and calculation considerations while examining how the credit interacts with your broader tax strategy. 

At the end of this session, you’ll be able to:

• Identify R&D opportunities earlier in the planning cycle and incorporate the expected credit into year-end projections and longer-term tax planning
• Turn the R&D credit from a compliance exercise into an intentional planning tool

Who should attend

Questions?

Contact CLA’s meetings, events, and experience team at CLAevents@CLAconnect.com. 

To learn more about this topic, read our article, R&D Tax Credits for Agriculture: What Qualifies?