Research and development is constantly happening in businesses, across many industries. While R&D may be associated with pharmaceuticals and big science experiments, your own business may be more involved in it than you think — which means you may already qualify for R&D tax credits.
According to Tiffany Bisconer, director of Acena Consulting, any business that’s making products or processes better, faster or cheaper could be eligible to claim R&D tax credits. These credits are an under-utilized resource because R&D can be such a natural part of staying competitive.
However, if you start identifying your eligible business activities today, you could be putting your revenue to better use. This summary of Tiffany’s talk, “R&D Tax Credits: What you need to know,” will show you how.
