Breaking News!!!R&D tax credits alive and well for moldmakers | > read more Congress Extends the R&D Tax Credit | > read more Big R&D Tax Credit News for Minnesota Companies | > read more A Missed Opportunity - Until Now
Making it possible for small and mid-size businesses to take
advantage of a tax credit almost exclusively used by big business.
When Congress enacted the R&D (research and development) Tax Credit twenty-six years ago, it fully intended for the credit to be used by businesses of all sizes. However, this did not occur, for a variety of reasons; the complexity of the documentation, the cost of hiring experts to do the documentation, and the general confusion over what does and does not qualify. Many small and mid-size businesses and their tax advisors felt it was simply not viable to pursue this tax credit. So, the only companies taking advantage of this benefit were big businesses.
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