In an article published recently in Manufacturing Business Technology, Betsi Barrett provides insight to how manufacturing companies can take advantage of the federal and state Research and Development (R&D) tax credits. The article describes how the R&D tax credit has been around since the early 1980s, but that many companies are not taking advantage of the credit simply because they do not believe that they qualify for the credit. Barrett explains that is a four-part test that companies must satisfy to qualify for the credit, and if a company answers yes to any of the questions then they may be eligible to take advantage of the tax credit.
Barrett also provides guidance to the recent regulations that have enhanced the ability for startup and small businesses to utilize their R&D credits.
Learn More
For more information on qualifying for the R&D Tax Credit, please contact Betsi Barrett by calling 770.396.2200.