Why New Product Development is a Great Investment In 2025
It’s almost a new year and we all know what that means: tax season is upon us. Having a profitable year as a product company is one of many accomplishments to be proud of - but what can you do to ensure your success and profits continue to scale while reducing your taxes?
Using your profitability to add another product to your line is a great way to continue that growth into 2025. By investing in the research and development of your next product prior to year’s end, you’re saving on taxes and creating additional returns on your investments.
To explain the importance of investing in future products (and saving on taxes as a result) in further detail, our founder and CEO, Jason Klug, had a conversation with CPA Ryan Rees of Hartle & Rees, LLC in 2021 (that remains just as relevant today) answering some questions and detailing the tax implications of R&D for new products. Watch the quick Zoom conversation below:
About Klugonyx:
Klugonyx is an end-to-end product development and global supply chain management firm that specializes in bringing innovative products to life. Contact us today to learn more about how we can turn your ideas into reality.
