This is an interesting video on the KitchenAid stand mixer and how it has become the standard for the home baker.
https://www.cnbc.com/video/2021/01/23/how-the-kitchenaid-stand-mixer-became-a-status-symbol.html
This is an interesting video on the KitchenAid stand mixer and how it has become the standard for the home baker.
https://www.cnbc.com/video/2021/01/23/how-the-kitchenaid-stand-mixer-became-a-status-symbol.html
I recently attended a recent seminar by Leyton, a group that provides support for companies to take advantage of R&D Tax Credits. R&D tax credits were established by the Federal government to promote technical innovation and development within industries such as the food industry. The Federal R&D tax credit has a start up and small business provision which helps to offset FICA for annual payroll taxes. And some states also offer some form of the R&D Tax credit, so companies can actually get both Federal & State Tax credit
I came to see that many technical / food safety projects and programs that food companies are looking to implement could potentially be written off from taxes allowing companies to better afford and support these initiatives. For example, it may be possible to deduct expenditures as a company implements a third audit compliance system, develops a pathogen monitoring program, or installs IT-intensive traceability systems. Allowable expenditures could include staffing, consultants, equipment, and supplies.
There are certain criteria that must be met to qualify, but I think it is worth investigating if you or your company are considering or planning to improve your company’s capabilities. I was not aware of this potential tax deduction, and my guess, your financial people may also not be aware.