A Deep Dive into How 174 Affects Manufacturers with Westminster Tools

Section 174 puts U.S Manufacturers at a significant disadvantage compared to their global competitors, as China provides a 200% deduction for R&D expenses for manufacturers, whereas the U.S only allows for a 10% deduction in the current year. Join us in a live discussion with Colby Coombs from Westminster Tools as he shares the direct effects that the newly enacted 174 tax law has had on his business.