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Hop Hop Hooray: Research and Development Tax Credit can save craft brewers tax dollars, says ICS Tax, LLC

BOSTON, Mass. /Massachusetts Newswire – National News/ While the trendy term “Microbrewery” may have been the proper terminology for new craft beer breweries and startups, they no longer remain “micro” in revenue, says ICS Tax, LLC (ICS). Growth in the craft beer industry in the U.S. has steadily grown to almost $30 billion.
While brewing up signature styles of beer is key to their creators’ minds, the Research & Development (R&D) Tax Credit can save the craft brewing industry significant tax dollars and make brewers say, “Hop Hop Hooray.”
The R&D Tax Credit has been an underutilized dollar-for-dollar cash savings in the brewery and beverage industry altogether. With the R&D tax credit being made permanent and the qualifications of R&D more expansive, the credit has become more valuable and lucrative for a small brewery or startup. A misnomer is that a company must be successful or is developing something new for the “world,” whereas the activity only ....

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Brew Up Tax Savings with the R&D Tax Credit

BOSTON, Mass., Mar 10, 2021 (SEND2PRESS NEWSWIRE) While the trendy term “Microbrewery” may have been the proper terminology for new craft beer breweries and startups, they no longer remain “micro” in revenue, says ICS Tax, LLC (ICS). Growth in the craft beer industry in the U.S. has steadily grown to almost $30 billion.
While brewing up signature styles of beer is key to their creators’ minds, the Research & Development (R&D) Tax Credit can save the craft brewing industry significant tax dollars and make brewers say, “Hop Hop Hooray.”
The R&D Tax Credit has been an underutilized dollar-for-dollar cash savings in the brewery and beverage industry altogether. With the R&D tax credit being made permanent and the qualifications of R&D more expansive, the credit has become more valuable and lucrative for a small brewery or startup. A misnomer is that a company must be successful or is developing something new for the “world,” whereas the activity only needs ....

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The Research and Development Tax Credit can save the craft brewing industry tax dollars, says ICS Tax, LLC

ENewsChannels NEWS: While the trendy term "Microbrewery" may have been the proper terminology for new craft beer breweries and startups, they no longer remain "micro" in revenue, says ICS Tax, LLC (ICS). Growth in the craft beer industry in the U.S. has steadily grown to almost $30 billion. :: News from eNewsChannels ....

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Brew Up Tax Savings with the R&D Tax Credit | California Newswire

Brew Up Tax Savings with the R&D Tax Credit | California Newswire
californianewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from californianewswire.com Daily Mail and Mail on Sunday newspapers.

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