Brian Paul Coddington

Key takeaways If your business engages in certain qualified research activities, you may be eligible for a Section 41 R&D tax credit or Section 174A tax deduction. R&D tax credits and incentives can help you reduce your tax burden and make your business more profitable, but you’ll have to satisfy strict qualifying requirements like the four-part test and provide documentation to back up your claims.

Key takeaways A tax provision called qualified production property allows manufacturers to immediately claim a tax deduction for the cost of certain elements of commercial buildings used for production activities. This rule gives manufacturers the opportunity to make a large upfront tax write-off for certain property investments or expenses, subject to strict qualifying conditions.

Key takeaways Businesses rarely miss tax opportunities because they aren’t eligible — they miss them because they don’t know opportunities exist or don’t identify them in time. When tax planning follows growth decisions, you can lose savings opportunities tied to timing, elections and structure. Research and development credits, capital investment incentives and state tax exposure are among the most overlooked tax savings. Each can materially affect cash flow and risk.