Take Advantage of the R&D Tax Credit
Because of its specialized nature, large numbers of small and mid-sized manufacturers do not take advantage of the credit. The definition of research and development (R&D) is much broader than people think, according to company officials.
The R&D Tax Credit can create immediate and substantial amounts of cash, minimally into the many tens of thousands of dollars, and usually $100,000 or more. In addition, companies can reduce future tax liabilities and improve cash flow.
See also: Black Line Group
Related Enterprise Zones: Other Processes
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