R&D Tax Credit for Business
A TAX CREDIT IS AN IMMEDIATE SOURCE OF CASH, AS WELL AS PROVIDING A SIGNIFICANT REDUCTION TO CURRENT AND FUTURE YEARS’ FEDERAL AND STATE TAX LIABILITIES INCLUDING PAYROLL TAXES.
The Research and Development (R&D) Tax Credit is one of the best opportunities for businesses to significantly reduce their tax liability while doing their daily activities.
Businesses that can utilize the R&D tax credit include all types of manufacturing and engineering companies, architectural firms, software development. Basically, this credit is available for any company engaged in developing technology to enhance their core business efficiency.
The R&D Tax Credit is for businesses of all sizes, not just major corporations with research labs. Many companies are eligible, with an expansive list of activities qualifying for the credit.
Our experienced team can help you understand these benefits and guide you through the process of applying for this credit.