UPCOMING LIVE WEBINAR

The R&D Tax Credit in the Agriculture, Farming and Fishing Industries

Date & Time: Thursday, December 11, 2025 at 1:00pm CT   |   Duration: 60 Minutes

R&D Tax Credits: 80% of companies that qualify and dont claim!  Every year, companies throw away thousands or even hundreds of thousands of dollars because of simple misunderstandings surrounding the research and development (R&D) tax credit. Amendment claims can go back three years and in most situations produce sizable refunds for past R&D activities.

WEBINAR DETAILS

Title: The R&D Tax Credit in the Agriculture, Farming and Fishing Industries

Date: Thursday, December 11, 2025

Time: 1:00 pm – 2:00 pm Central Time

Cost: FREE

Learning objectives include:

  • An overview of R&D Tax Credits
  • Identify Qualifying Research Activities
  • Define the 4-Part Test
  • How to substantiate activities through documentation
  • Identify Qualifying Research Expenses

CE/CPE credits:          Worth one hour

Knowledge Level:      Basic*

Field of Study:            Taxation

Why Choose Us

  1. We are certified to the  ISO31000:2009 Risk Management standard
  2. We are NASBA certified and provide daily CPE credits to CPAs, CFPs, and SMBs
  3. We are an IRS approved Continuing Education provider for CPAs and Enrolled Agents
  4. We have an rated A+ with the Better Businese Beureau
  5. Our R&D tax audit insurance product, creditARMOR is one of the most cost effective tools on the market
  6. Our AI language model, TaxTrex prepares R&D tax credit claims in less than 90 minutes.
  7. Each R&D tax claims prepared by Swanson Reed undergo a six eye review by a Qualified Engineer, Scientist and Enrolled Agent or CPA.

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Small businesses in the Agriculture, Farming, and Fishing industries can benefit significantly from the Research and Development tax credit by claiming incentives for developing new techniques, improving crop yields, or creating sustainable practices. The credit rewards innovation—even in traditional industries—and can reduce overall tax liability. For startups with little or no income tax liability, the Research and Development payroll tax offset is especially valuable, allowing them to apply the credit against up to $500,000 in payroll taxes annually. This helps ease cash flow and reinvest in growth, labor, and further innovation.

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Agriculture Case Study

Nut & Co., established in 1988, specializes in designing and building equipment for pecan growers and shellers, with its owner having started in the pecan industry in 1972. The company has consistently aimed to strengthen the industry by manufacturing high-quality, reliable equipment, maintaining its leadership position. From 2013 to 2016, Nut & Co. incurred qualified research expenses under IRC Section 41, primarily for its Aspirator System, designed in 2012. This system revolutionized pecan shelling by using suction instead of traditional blowing, significantly improving efficiency and plant cleanliness. To qualify for the Research and Development Tax Credit, Nut & Co.’s activities met the Four-Part Test, which includes permitted purpose, elimination of uncertainty, process of experimentation, and technological in nature. Their eligible R&D activities encompassed designing prototypes for the Aspirator System, conducting trials and analyzing data for reproducible results, performing background research to address knowledge gaps, and engaging in ongoing analysis of customer feedback to refine the design. Nut & Co. maintained meticulous records such as project logs, design drawings, testing protocols, and invoices, ensuring compliance readiness for potential IRS audits. Through continuous improvements in production time, efficiency, product reliability, and reduced costs, Nut & Co. successfully eliminated uncertainty through testing and experimentation. As a result, Nut & Co. satisfied the Four-Part Test and qualified for substantial federal and state research and development tax credits for the 2013-2016 fiscal years.


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