Research and Development Tax Credits
Normally research and development (R&D) tax credits aren’t something we think of in the transportation industry. However, with all of the technological advances that have happened in the past few years, and companies looking to upgrade their current technology and software, it’s something that shouldn’t be overlooked. Michael De Prima and Mark Hall from CLA’s Federal Tax Strategies group have seen an increase in the R&D credits for transportation companies lately, and wrote a great article as to how your company could benefit from these credits.
Andy is a CPA and trusted advisor with 15 years of experience providing tax, accounting, assurance, and consulting services to transportation industry owners and operators. He is a tax principal with CLA in the Minneapolis, MN office. He also consults with high net worth individuals and owners of closely-held transportation businesses on all aspects of tax planning, estate planning, and retirement planning. Andy is also the tax leader for transportation industry across CLA.
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