Replenish Valuable Money With R&D Tax Credits


With America being painfully affected by the coronavirus pandemic, businesses are trying to survive this economic battle of attrition. Although there have been many programs to help out every single business out there like the EIDL (Economic Injury Disaster Loan) or the PPP (Paycheck Protection Program), the pandemic crisis hasn't weakened causing a great deal of concern to everyone who thought the crisis would be slowed down as time progressed.

Despite it all, it hasn't stopped businesses from researching new ideas and products to pivot their business and persevere. But did you know there is a way to receive a tax credit from development and research? Research and development (R&D) tax credits could be an effective and controllable way for businesses to replenish valuable dollars spent on new and innovative products or processes

If you need help or have questions about R&D tax credit, please call us at (832) 295-3353. You may also set up an appointment with us at https://xqcpa-bookme.acuityscheduling.com/schedule.php.

(Source: https://www.thetaxadviser.com/newsletters/2020/aug/research-development-tax-credits-cash-infusion-businesses.html?utm_source=mnl:cpald&utm_medium=email&utm_campaign=17Aug2020)

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