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Research & Development Tax Credit: Cash Incentives for Making Improvements
July 16, 2020 @ 12:00 pm - 1:00 pm
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The Research and Development (“R&D”) Tax Credit is an excellent tax savings tool for companies that engage in product or process development. This tax credit is often overlooked by companies as only pertaining to scientists and labs. However, the actual definition of what qualifies for the R&D credit is much broader. Taxpayers of any size that design, develop, or improve products, processes, techniques formulas, inventions, or software are eligible.