R&D tax credit myths
Each year the US government provides billions of dollars to thousands of companies for developing new or improving existing technologies, products, materials, and processes, under the US Research & Experimentation Tax Credit (R&D Tax Credit) program.

Previously, the R&D Tax Credit program would periodically expire and be renewed by Congress. Companies wishing to include this in their long-term budgeting plans couldn’t count on the credit being around for certain. In 2015, the Congress made the R&D tax credit permanent as part of the Protecting Americans from Tax Hikes (PATH) Act of 2015 and also made key changes so that more type of companies could benefit from the program.

However, we come across several companies every day who don’t think they qualify based on some misperception or the other. Here are the 10 most common R&D tax credit myths debunked:

Continue reading “10 R&D Tax Myths That Might Be Costing You $250,000 Per Year”

Boast