You don’t have to generate revenues to increase your bottom line. In fact, some of the largest companies in the world, such as Texas Instruments, Mattel, Caterpillar, Google, and others increase their bottom line without selling anything. And you can do the same thing.
R&D tax credits are used by these big corporations to cut their tax rate, effectively saving them tens of millions of dollars on their bottom line. And here’s the good news – R&D tax credit isn’t only for the big corporations. Small and mid-size businesses, even startups are eligible to get the tax credit- even for R&D expenses from past years.
These tax credits carry forward and when you start generating revenue from licensing (and direct sales), you generate that revenue is effectively tax-free.
If you’re in an R&D intensive industry, such as med-tech, biotech, pharmaceuticals, or high tech, then you owe it to your business to attend the upcoming free workshop – How to Turn Your IP R&D Expenses into Tax-Free Revenue. You’ll learn about the R&D Tax Credit – what it is, how to get it, and how to use it as part of your licensing strategy.
Rand Brenner is President and CEO of Licensing Consulting Group, an IP consultancy and licensing firm specializing in specializing in assisting clients in Strategic Consulting, Licensing Management and IP Due Diligence. He has an extensive career as both licensee and licensor, and has developed licensing programs for several Hollywood blockbusters including the Mighty Morphin Power Rangers and Batman. Rand is also a professional speaker on licensing, and has presented at numerous business events, conferences and trade shows. His latest book, Hidden Wealth: The Money Making Power of Licensing was published in 2019. Rand has written several articles on intellectual property licensing that have appeared in the Licensing Journal and Intellectual Property Magazine.
Greg Pfeuffer is a Partner with Mueller Prost and leads the Orange County office. Greg’s goal is to change the perception that accounting is just overhead! The reality is that every dollar an accounting team generates or saves goes straight to the bottom line! With that in mind, Greg finds ways for CEOs, CFOs, and accounting teams to generate profit and cash flow. He accomplishes this by focusing on the people, processes, and use of technology while also identifying opportunities for tax incentives and savings.