It’s Now Official! The R&D Tax Credit Is Extended for 2014!

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Black Line Group, a leading national provider of R&D Tax Credit services, is extremely pleased to announce the extension of the Federal Research and Development (R&D) Tax Credit for the 2014 tax year. Last Friday night the President signed into law The Tax Increase Prevention Act, which calls for a one year extension of the Research and Development (R&D) Tax Credit, which expired on December 31, 2013. The extension is retroactive to January 1st, 2014 and is good throughDecember 31, 2014. The definition of Research and Development (R&D) is much broader than people realize. Activities and costs associated with developing and/or improving a product or process can potentially generate R&D Tax Credits. Manufacturers of all kinds, including those that design and develop their own products, as well as those “contract manufacturers/job shops” (i.e. metal stampers and fabricators, precision machinists, mold builders and plastic injection molders, tool and die makers) that make parts for their larger OEM customers, often do not know or believe that they are doing R&D. In addition, there can be significant R&D going on in software development, technology and engineering companies. For companies that have yet to take advantage of the R&D tax credit, this potentially can mean the creation of immediate and substantial amounts of cash—typically into the tens of thousands of dollars each year, the reduction of future tax liabilities and improved cash flow. To learn more about the R&D Tax Credit and Black Line Group’s approach, contact Scott Schmidt at 763-550-0111, via email at or visit our website at where you can watch a short video explaining the R&D Tax Credit opportunity and take a short 10 question assessment.

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