Take advantage of federal opportunities for growth
Did you know that many of your daily activities qualify for Federal research & development tax credits that can significantly reduce your tax liability? Our experts understand the tax code and will help you discover opportunities that make a difference in your growth strategy.
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Congress Passes R&D Tax Credit Extension
Congress recently approved legislation to retroactively extend the R&D Tax Credit. This credit provides economic incentive for U.S. businesses to continue to invest in Research and Development activities. The U.S. leads the world in Research and Development investment, and is responsible for more innovation than any other country. A key ingredient to this credit is that it helps small to medium size businesses, which employs more than 80% of the U.S. workforce.
Most companies and their accountants, including many Fortune 500 entities and their subsidiaries, do not take full advantage of this opportunity. Eligible companies include: manufacturers of all types, IT hardware and software companies of all types, firms that invest in customized solutions for their clients, and firms that make substantial investments for new or upgraded hardware or software where it is used directly in serving their customers.