R&D Tax Credit for Agricultural Business

Agribusiness companies often do not realize that they are eligible for the Research & Development Tax Credit. The R&D Tax Credit allows companies to realize tax savings, increase cash flow and stay competitive in the marketplace. Many qualifying activities are considered day-to-day operations in the agricultural industry.

The benefits can be significant and are efficient to realize through our services. The R&D Tax Credit can provide a hidden but immediate source of cash from prior years, plus a significant reduction to current and future years’ federal and state tax liabilities.

Typical Qualifying R&D Tax Credit Activities:

  • Improving harvesting methods
  • Developing or improving automated processes
  • Developing new strains of crops or plants
  • Developing new irrigation systems
  • Developing or improving new feeding methods for livestock
  • Experimenting with new crop or livestock breeding techniques
  • Developing new gene transfer techniques
  • Developing innovative products or processes
  • Developing new techniques to increase yields
  • Improving waste treatment and management solutions
  • Developing ways to protect crops or livestock from disease
  • Developing new cultivation techniques

Our Research Tax Credit practice consists of engineers, CPAs, and attorneys who have extensive experience conducting R&D Tax Credit Studies at both the federal and state level. Our process begins with a free assessment to ensure that the company qualifies for the credit and would be able to utilize them. Each of our studies includes a site visit to help facilitate the study process. We also include audit support with all of our studies. This is a conservative federal and state incentive that was just made permanent by Congress as part of the 2015 PATH Act. Contact ETS for more information at 800-236-6519 or email here.

 

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