PATH Act Expands the R&D Tax Credit for U.S. Manufacturers

Mar 08, 2016, 10:03 ET from alliantgroup

HOUSTON, March 8, 2016 /PRNewswire-USNewswire/ -- alliantgroup's Michael Siegel to host an online event about how U.S. manufacturers are taking advantage of new provisions in the Protecting Americans from Tax Hikes (PATH) Act of 2015 to claim the R&D Tax Credit.

alliantgroup Managing Director Michael Siegel will talk about ways that the PATH Act opens up the R&D Tax Credit for U.S. manufacturers at a webinar, Government Incentive Programs for Manufacturing Companies.

In December, Congress passed and the president signed into law the Protecting Americans from Tax Hikes Act (PATH) of 2015. Among a host of other tax provisions, the legislation expands and makes permanent the R&D Tax Credit—the largest tax credit available for the U.S. manufacturing sector. Along with providing manufacturers much-needed certainty in filing their annual tax returns, one specific—and perhaps overlooked—enhancement to the credit could mean millions in added tax savings for the industry.

Siegel will talk about the important updates to the R&D credit and give examples of qualifying activities that may make U.S. manufacturers eligible to claim the credit on their 2016 tax returns. The presentation will also include case studies and examples of U.S. manufacturers that have successfully claimed the credit, including specifics about their revenue size and the dollar amounts saved.

The webinar is taking place on Thursday, March 10, 2016 at 12:00 pm CST, and is free to attend. Instructions for registering and joining the webinar are available on the event website: Government Incentive Programs for Manufacturing Companies.

About alliantgroup

alliantgroup's mission is one of education and awareness—we exist to help industry organizations, U.S. businesses and the CPA firms that advise them, take full advantage of all federal and state tax credits, incentives and deductions available to them. Our government has legislated these powerful incentive programs to help businesses grow and successfully compete both in the U.S. and abroad. We are proud to have helped over 18,000 businesses claim more than $4 billion in tax incentives. alliantgroup's headquarters is in Houston, Texas, with offices across the country including New York, Boston, Chicago, Orange County, Sacramento, Orlando, Indianapolis and Washington, D.C.

SOURCE alliantgroup