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Maximizing R&D tax credit savings
What would $100,000 or even $1 million extra cash do for your bottom line? What if you knew that cash was just sitting in a drawer waiting for you to reach in and take it? Many engineering firms are doing exactly that. A powerful tax incentive known as the research and development (R&D) tax credit is available at both federal and state levels that can help engineering firms recover a significant amount of their R&D costs. Many engineering firms are actively pursuing this credit and putting their tax savings to good use in building their business. But other firms either have no idea that they would qualify for the credit or simply don't know how to go about claiming it. >>more
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