Your employees don’t need to wear lab coats in order for your company to take advantage of research and development (R&D) tax credits. If you create a new product, enhance product design or improve production processes, you could be eligible for R&D tax credits.
Our advisors can conduct an R&D study that could result in a lower tax obligation and increased profit.
Some examples of industries that often qualify for the R&D tax credit include:
Private businesses should note the added value that the R&D tax credit can offer during mergers and acquisitions. Credits can be claimed in one year and taken in another, making it possible to transfer them to a buyer. Some companies claim the R&D credit annually for the specific purpose of enticing an M&A opportunity.