FYI - Taxing Issues...
(For the USA. Canadian customers - check with your Accountant)
Check with your Accountant - there are some big tax incentives for 2023.
Now's the time to Retool, Act today!
Enhanced Section 179 Deduction
For more information - open "179 in plain English" for your complimentary copy.
Research and Development Credit
Don’t forget the Research and Development (R&D) tax credit. The R&D credit was made permanent and was also expanded. Guidelines – if your operation has less than $50,000,000 in average annual gross receipts, you can now claim the credit against your AMT (alternative minimum tax). If your company has less than $5,000,000 in annual gross receipts, you can take the credit against payroll taxes up to $250,000 per year – if you don’t have income tax liability. "These numbers will change from year to year - please check with your Accountant or Tax Attorney before moving on this".