Your Hemp and CBD Business Could Be Overpaying Thousands of Dollars in Taxes Each Year
Special IRS tax credits for the Hemp and CBD industry can be applied to reclaim these tax overpayments for up to 3 years. Your rebate check could be worth tens of thousands of dollars or more!
The process of claiming R&D tax credits, amending past tax returns and recovering overpayments can be complex. Some business owners may think it’s not even worth the time and effort.
When you work with Quartermaster, we take care of the entire process.
You don’t have to do a thing but sit back, relax and wait for your check.
It’s our priority to get back every cent the IRS owes you.
Let’s get your money!
The Process is Fast and Easy
Schedule a qualification call
Complete a 30-40 min tax study
Get your FREE Tax Rebate Estimate
The Benefits of Working With Quartermaster
We Handle the Entire Process
Recover Past Tax Credits Dating Back 3 Years
Specialized Tax Attorney Reviews All Cases
Continuous Updates On New Tax Credits
We Work With Your CPA
Reduce Your Future Tax Liability
Eligible Hemp and CBD businesses Have the Potential To Get Back Thousands in Tax Credits
- Special R&D tax credits can be directly applied to offset your company’s state or federal tax liability.
- The number of qualified expenses and credits you can claim each year has no limit.
Some CBD Companies Can Save $1000s In Taxes, While Others Can Get Back Over Six Figures
Certain R&D activities and expenses make your CBD business eligible to receive special tax credits. Several factors play a role in the specific amount a company can claim.
You may be able to apply these tax credits to offset a portion of payroll taxes if you have little-to-no federal income tax liability.
This could be worth up to $250,000 per year for up to five consecutive years.
That’s a potential $1.25 million in savings for eligible CBD companies and small businesses.
Ready to see if your business qualifies?
What Types of Business Activities Qualify For These R&D Tax Credits?
A broad range of R&D expenses can make your hemp or CBD business eligible for these special tax credits.
You’ll find some examples below of potentially qualifying R&D activities.
You can also schedule a FREE Tax Study and we’ll let you know if you qualify right over the phone.
Potential CBD Tax Credit Examples
Hemp Cultivation
- Growing new hemp varieties
- Developing new growing methods
- Creating or Improving new harvesting processes
- Designing and testing new filtration or irrigation systems
Hemp & CBD Processing
- Exploring new use cases for industrial hemp fibers and hemp-related products
- New CBD product development
- Designing new CBD extraction methods
- Developing custom enterprise resource planning (ERP) or inventory and production management software
Qualified R&D Costs
- Taxable wages paid to employees for performing qualified R&D activities
- Contractor expenses related to qualified R&D activities
- Payment for supplies used during the R&D process
- Equipment costs
Why Doesn’t My CPA Know About These Tax Credits?
- The CBD industry is relatively new and its tax laws are constantly changing.
- Many CPAs focus mainly on general compliance and tax preparation.
We study these different types of tax laws on a regular basis to gain a deep understanding of them.
With this knowledge, we can educate your team about existing or future tax credits so never miss out.
Ready to find out how much money you can save?
Proactive Tax Planning Gives You a Competitive Edge
Sooner rather than later, Cannabis will become legal at the federal level.
This will result in drastic changes to the Hemp and CBD industry’s tax code.
We can help you capitalize on significant credits and reduce your tax liability when this happens.
The money you save with our tax reduction strategies provides reinvestment opportunities or could put cash in your pocket.
Interested in learning how to reduce your tax liability?
- Guaranteed Maximum Tax Savings
If you don’t save on taxes, you don’t pay.
- Keep Your CPA
We’ll work with your CPA to provide guidance on rewarding tax reductions.
- Strategic Tax Advice For the CBD Industry
Our tax-saving strategies are specifically designed for the Hemp and CBD industry.
We’ve Helped Hundreds of Businesses In Multiple Industries
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