IRS Pays You Money! All about Tax Credits.

You know about trying to save money in taxes, but you still aren’t sure what other ways exist to find the hidden money in the tax code. What really are tax credits? Are R&D tax credits really a thing, and the IRS pays you?? Can even your domain of business find an R&D tax credit that can earn you cash in the pocket? In today’s podcast, we talk to Randy Crabtree and explore these questions and more in a highly insightful, enlightening and entertaining discussion on tax credits and incentives, that might just be the right thing at the right time for your business to earn those dollars hiding in plain sight to be found. Randy Crabtree is co-founder and partner of Tri-Merit Specialty Tax Professionals and the host for the bi-weekly podcast, The Unique CPA, which ranks in the world’s 10% most popular programmes according to Listen Source. He has written articles in Accounting Today’s Voices column, the AICPA Tax Adviser, and is a widely-followed speaker and lecturer for the accounting profession. In addition to all this, he also provides continuing professional education to top 100 CPA firms across the U.S. In this episode, we discuss - The difference between a credit and a deduction and which earns more cash in pocket in the long term. - The simple power of R&D tax credits and how they can be found hiding in unexpected places to be utilized, even for bars and restaurants. - The checks and balances connecting tax credits and contractors and design. - Finding R&D tax credits associated with bars, breweries and restaurants. Redeeming the Covid business years - Employee Retention Credit and how to avail of it for 2020 and 2021. - Checks and balances in redeeming government mandate-related impact on your business during the Covid - the supply chain loss lie. - Whether growing in revenue during Covid and can still qualify you for ERC. - Ethics and economy - why the credits and incentives should be used - How to offset your personal income tax liability from your W2 through tax credits, even if you don’t have an active income. - Hidden money in the Inflation Reduction Act - Checks and balances using refundable and non-refundable credits To Learn More Perhaps this podcast has intrigued you, but R&D tax credits still seem too good to be true? Maybe you’re not sure what real, legal incentives are out there that work for your type of work? Or it’s confusing whether it’s right to avail of these credits? Explore, discuss in more detail, and help yourself make informed decisions about these questions by getting in touch with Randy Crabtree to talk about tax credits and incentives that could work for you at Specialty Tax Professionals | Tri-Merit You can also learn more him and his revelatory insights at The Unique CPA podcast found on Apple and Google podcasts, and on other sites in the links below:

https://tri-merit.com/podcasts/ https://podcasts.apple.com/gb/podcast/the-unique-cpa/id1484824707 To access the bonus tax content mentioned in the episode, go to https://www.hiddenmoney.com/bonus. Social Media Links Instagram: https://www.instagram.com/hiddenmoney.podcast/ Facebook: https://www.facebook.com/hiddenmoney.podcast Youtube: https://www.youtube.com/@HiddenMoneyPodcast Linkedin: https://www.linkedin.com/company/hidden-money-podcast/ Twitter : https://twitter.com/hiddenmoney_com You can also listen our podcast on major podcast platforms links: Spotify - https://open.spotify.com/show/3rmae1bpxvirzfbM571fOK?si=d2129d6ac9ec4519 Apple Podcast - https://podcasts.apple.com/us/podcast/hidden-money-podcast/id1683510065 Google Podcast - https://podcasts.google.com/feed/aHR0cHM6Ly9hbmNob3IuZm0vcy9kZjZmNjE2OC9wb2RjYXN0L3Jzcw iHeart Radio - https://www.iheart.com/podcast/269-hidden-money-podcast-113479063/ Amazon Music - https://music.amazon.com/podcasts/9deef87a-307d-4767-af47-9e01bf0211f9/hidden-money-podcast Pocket cast - https://pca.st/9r4x6t36 Castbox - https://castbox.fm/channel/id5413766 Website - https://www.hiddenmoney.com/