Businesses investing in new or improved product or process of development can qualify. Technical endeavors to cut cost and remain competitive in the market place may also qualify for the credit. The criteria are not exclusive to any specific type of industry, in fact, research and development takes place in a broad range.
Common industries that qualify:
What if I am already claiming the credit?
Can I claim the R&D tax credit even if all of my manufacturing is done overseas?
How does the Research and Development tax credit help with cashflow and profits?
Do I need these credits if I plan to sell my business?
What is the research and development tax credit?
Is this a refundable credit?
How many years can I claim the credit?
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R&D Incentives Group
725 S. Figueroa Street, Suite 2250
Los Angeles, CA 90017