August 6, 2020
by Tracy Lustyan
Bringing in approximately $10 billion a year, the Section 41 Tax Credit, sometimes referred to as the R&D Tax Credit, remains the largest credit out there for the benefit of U.S. businesses—and despite what you may have heard, consultants in IT and software and technology industries can indeed qualify for the added tax savings.
If any of the following myths have prevented you from exploring the credit in the past, it would be wise to take a second look at the R&D Tax Credit as an opportunity for your business:
1. My company doesn’t do R&D
This is probably the most common myth (among IT Consultants or otherwise) preventing perfectly eligible companies […]