1374: The R&D Tax Credit Driving Innovation

The Tech Talks Daily Podcast

Alliantgroup specializes in the Research & Development tax credit, which is a wage-based credit that allows businesses to essentially fund and pay for R&D to find a new way of doing things. Rick Lazio and the alliantgroup team have already helped thousands of companies across a variety of industries secure millions from this credit in the first few months of 2020 alone.

During the pandemic, it’s been more critical than ever for businesses to quickly innovate with technology to meet new consumer and society needs. Rick shares examples of their innovative work and how the R&D credit has allowed companies to expand and increase innovation to strengthen business across the country. But Rick has an inspirational story to share too.

Rick Lazio is a former US Representative from New York serving in Congress from 1993-2001. While there, he became a strong advocate for small businesses by sponsoring the successful Small Business Tax Fairness Act. After Congress, Rick moved to the private sector, working for JP Morgan Chase as a Managing Director and then Executive Vice President.

Rick is committed to his continued interest and support of small to mid-sized businesses by brokering his insight and experience in the public and private sectors to provide strong job growth incentives. This interest has extended into his civic and philanthropic work in New York with the Committee for Economic Development and the Association for a Better New York.

Alliantgroup’s mission is to strengthen American businesses by helping US companies, and the CPA firms advise them to take full advantage of federal and state tax credits, incentives, and deductions available to them.

The US government has legislated these powerful programs to help businesses grow and successfully compete in the US and abroad. I wanted to learn more about how they have helped over 16,000 companies claim more than $8 billion in tax incentives!