The Research and Development Tax credit is useful for companies to reduce their Federal tax bills. The R&D tax credits were introduced in 1981 to provide tax incentives to companies incurring research expenses. It was primarily done to encourage companies to spend on development activities like new and improved products, techniques, processes, software, formula and […]
Getting the Most Out of the Research and Development Tax Credit
The Federal R&D tax credits were introduced by the US government to encourage invention and boost investment in the country. According to 2014 R&D credits report, over 100,000 taxpayers claimed more than $12 billion for research work performed by their companies on daily basis. The big surprise is a significant portion of the credit dollars […]
Essential Tips for an Effective R&D Tax Funding Strategy
Research and development are key to a stable economy of the country. Research and development are oriented towards better growth which thus leads to wealth creation as well. Companies/business working on such research activities is needed for any country. The government of Australia hence promotes and encourages such developmental activities – through a number of […]
How Companies Can Claim Research and Development Tax Credit
When you are running a business, you have to take care of a lot of things – cash flows, financial situations, taxes etc. This is in addition to delivering good quality products to your customer. The challenge is even more, when your business or company is working on research and development oriented products. When your […]