Startup

How COVID-19 could impact your R&D tax credit

As the world continues to deal with the effects of COVID-19, the United States has had to pass various rounds of new legislation to help Americans and their businesses. To encourage the growth of the US economy, legislators may look to make changes…

Do you qualify for the R&D tax credit?

Calculating various tax breaks and credits can be tricky territory. The US government provides a tax credit for companies that engage in qualified Research and Development (R&D) activities.

What is the R&D tax credit?

The Research & Development Tax Credit, often simplified to the “R&D Tax Credit”, offers an opportunity for business owners to substantially reduce their tax liabilities.

According to The CPA Journal, the federal R&D tax credit was first introduced as a…