Rob Luna

We have tons of work in R&D right now.

Everything from the products you buy to the big thing for people we talked about is labor costs.

The percentage of time that your people are spending on that, that can be associated towards this R&D credit.

There's no limit on that.

It's as much as you need to offset your taxes.

If you're just starting up and you're not profitable, the only thing you could really do is offset payroll taxes.

And there's a half a million dollar, I believe exemption there.

But what you'll see is a lot of what everyone's doing today, their time, what they're spending on does qualify for this.

A lot of people don't know about it.

Don't talk about it.

CPAs don't know how to do the work.

what you will see is you will save, you talk about how are we gonna save you some taxes?

R&D credits are huge because they're credits.

And the difference between, if you don't know, a tax deduction and a tax credit is a deduction, if you get $100,000 deduction for buying real estate, okay, what you get to write off is your own tax bracket.

So if you're at a 30% tax bracket,

You don't get to write $100,000 off the taxes you owe.

You get to write off $30,000 off the tax you owe.

$100,000 R&D tax credit, it's $100,000 to offset income.

So you get $100,000 of that.

And there's companies we're working with right now when you start taking the percentage of people's salary and the things that they spend in new locations, there's hundreds of thousands of dollars of tax credits that are now available that are reset back that people should be looking to those R&D tax credits.