The Cannabis Industry: R&D Tax Credits & 174 Expenses

October 3, 2024 | 11:40 am | Room 1 | Finance

This presentation discusses the benefits of research and development (R&D) tax credits for businesses of all sizes. The R&D tax credit is a government-sponsored incentive program that rewards companies for investing in innovative projects that push the boundaries of science and technology. The presentation covers the eligibility criteria for claiming R&D tax credits, the calculation of the credit amount, and the process of applying for the credit. It also highlights some of the common misconceptions surrounding R&D tax credits and the current Section 174 expensing landscape. The presentation concludes with real-world examples of businesses that have successfully claimed R&D tax credits and the positive impact it has had on their bottom line. Overall, this presentation provides valuable information to help businesses take advantage of this lucrative tax incentive and invest in their future growth through research and development.

Kevin Culver, VP, Tax Incentives & Associate General Counsel, Royse Partners Limited

Kevin H. Culver, Esq. is a licensed attorney who has worked with National Tax Firms that specialize in nuanced areas of the tax code. In doing so, Mr. Culver has worked with companies across the United States spanning numerous industries. As such, Mr. Culver has overseen over $200 million in tax credits delivered and substantiated.