It's a dream job for many a college student - making beer! Of course, some of the brews must taste pretty bad....but still...what a job! And you're telling me that I can get tax credits for doing it? Yes, that's exactly what I'm saying.
The federal government offers tax credits for "research and development" and believe it or not, breweries qualify! For instance, if you are developing, improving... or even testing...any of the following, you may be eligible to receive R&D tax credits:
With craft breweries growing at double digit rates and with increased competition in the marketplace, it makes all the sense in the world to look for pennies and find dollars.
Bruce Wing is the principal of Strategic Wealth, LLC, a financial planning and business consulting firm located on the north side of Atlanta, GA.
Entrepreneur, financial guy, husband and father of two great kids.