Manufacturing Live Web Series: Minnesota Sales & Use Tax and R&D Tax Credit Update

As a manufacturer located in the state of Minnesota or doing business in Minnesota, this webinar is designed especially for you…featuring two unique presentations: (1) an overview and deep dive into the Minnesota sales and use tax environment and (2) research and development (R&D) tax credits. This webinar is intended for CFOs and controllers. We also recommend including operations executives directly involved in R&D related to both product development and process development/improvement activities. 

Minnesota Sales & Use Tax: Avoiding Traps for the Unwary

The current economic climate is forcing states to be more aggressive in their search for revenue. Tax audits are on the rise as states become more sophisticated in finding taxpayers who aren’t in compliance. The presenter will share her insights on the current audit environment from a Minnesota perspective and cover these key areas:

• Common audit issues
• Preventative techniques your business can implement today to minimize your risk
• Strategies to implement in the event your company is selected for audit

The presentation will also include a brief overview of key sales and use tax changes that took place in Minnesota in 2011.

R&D Tax Credits: You, Too, Can Get Your Fair Share

For companies looking for ways to reduce taxes and generate cash flow, finding opportunities to claim research and development (R&D) tax credits makes a lot of sense. What if you learned that your company could earn significant tax savings because of work you are already doing as a regular part of your business? Many companies are surprised to learn that many of the day-to-day activities already being performed qualify for the R&D tax credit.

In this webinar, you’ll learn how to identify what types of activities can qualify for the R&D tax credit and how this can benefit your company by reducing current and future cash outlays for taxes and potentially generating refunds for taxes previously paid to the government. Also, learn how the credits can generate cash flow even if the current economy has negatively impacted your business and profitability is down. We will also discuss the Minnesota legislation change in 2010 that now allows the credit opportunity for both C corporations and pass-through entities and is now a refundable credit.