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Research and Development Tax Credit

The Research and Development (R&D) tax credit is a wage-based tax credit available for the development or improvement of business operations for any size business. The credit is a government-sponsored benefit that provides tax incentives for companies conducting R&D in the U.S. implemented to stimulate research and development in a variety of industries of all sizes. Many businesses miss out on this tax credit opportunity because they are unsure if the work they are performing actually qualifies for the credit, although a wide span of industries perform work that would be eligible. Any company that designs, develops, or improves products, processes, techniques, formulas, inventions, or software may be eligible. In fact, if a company has simply invested time, money, and resources toward the advancement and improvement of its products and processes, it may qualify.

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