What You Don't Know Can Be Very Costly . . . IRC Sec. 41
March 10, 2021
Hosted by Frank Helring
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Guest Information
Episode Description
FEMA, USDA, DEA, DOJ . . . Washington, DC is abounding in abbreviations that represent massive bureauocracies. Some Good, Some Bad. That brings me to the infamous IRS. I have often believed that this massive agency is misnamed and should be termed as the Internal Reclamation Service because it seems that they continue to dig deeper and deeper into your resources on many levels. Having said that, Jesus himself experienced a profound statement about his birth when the phrase was coined . . . "Can any good thing come out of Nazareth?" Well the same question could be asked of the IRS? Well, believe it or not and I am not talking Ripley's. Today we will discover an IRS Section that is largely overlooked and vastly unrealized. Then President Reagan inaugurated this substantial benefit to businesses and it has been upheld by every subsequent Presidential Administration since his enactment. Dare I say "Keep Your Fingers Crossed", that it survives this President? It is commonly known as the R & D Tax Credit and it allows you to go back and recapture taxes that you have already PAID for up to three years both Federal and in approved states, State Taxes as well. Today, I will be interviewing Business Group Resources who over the last 4 years have recovered well over 100 million dollars for their business clients. We will find out today exactly how to go about getting these funds that you are entitled to recover back from taxes you have already PAID! On an average month, they are returning 4 Million Dollars to their clients, you should be one, wouldn't you agree?
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BizZne$$ BuzZ is all about your business. Small business is in trouble and they have been as far back as the “rocking” that occurred in 2008. The 14.2 percent loss of many brick and mortar small businesses happened by the year 2015 (source, NFIB 2015 Report). Already being squeezed by Internet predators, like Amazon, E-Bay, etc. They are literally sucking the life out of small businesses by customer and profit “siphoning.” B2B Networking Groups and social media disappointments abound.
Small business needs a “counter” to these E-commerce tsunamis and that mechanism is the power of UNITY, RELATIONSHIP and the Law of RECIPROCITY. This is an EDGE that is a non-compete. The “perfect storm” of shut down/customer distancing, lack of capital and uncertainty are the devastating effects of COVID19 disruption.
Our mission is to provide your business the boost that it needs to recapture your personal visions, rejuvenate your operations and to bring about a platform that represents your interests.
Frank Helring
Frank Helring is the CEO and Founder of TheHubmartLLC. He is an established executive with over 45 years of service encompassing Christian ministries, private/corporate insurance, public/philanthropic enterprises and private equities sectors.
His past tenures include owning his own General Insurance Agency from October 1977 to 1991, serving as an Executive Director with World Vision of Orange County from 1994 to 1998 inclusive as a President and CEO of a community-based organization.He has served as President of JMS Consulting Group 2004-2006, a private equities firm in Los Angeles during which time he personally consulted to the VP of Benefits of the legendary NFIB.com on “Boutique” Membership programs and Association negotiating levels of involvement. He and his wife have owned Allure Med Aesthetics, Inc. a medical aesthetics practice, since 2013. Most recently, he is currently involved with revolutionary firms engaged in accelerating the emerging “opportunity commercial marketplace” and cutting edge medical regeneration technologies.
Frank resides in Mission Viejo, with his wife Rhoda. His combination of grassroots community involvement, strategic relationships formation and continued success as a visionary corporate entrepreneur distinguish him as an invaluable asset to the small business community at large.
