The Tax Credit Hidden Inside Your Business Improvements w/ Derick Van Ness
About this episode
Derick Van Ness discusses how business improvements can lead to R&D tax credits and enhance personal wealth.
For many business owners, one of the biggest missed wealth opportunities may already be sitting inside the business. Technology upgrades, software implementation, equipment, and operational improvements. These are the kinds of investments owners are already making to grow, modernize, and stay competitive. But in many cases, they may not just be expenses or deductions. They may create R&D tax credits. A deduction lowers taxable income. A credit can reduce taxes dollar for dollar. For an owner with meaningful income, that is not a small accounting detail. It is capital that can stay inside the system, be redeployed, invested, protected, or used to build long-term personal wealth. Wealth does not only leak through bad investments. It also leaks through taxes that were never strategically addressed, retirement income plans that rely too heavily on average returns, and capital that leaves the system before it ever has the chance to compound. The question is not simply how much money you make, how much you save, or whether the market performs over time. It is how much capital you actually keep, how intelligently that capital is structured, and whether your wealth plan can hold up…
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