The R&D tax credit – Are you overlooking this tax-saving tool?
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Description
Abstract: Among all the deductions and credits that Uncle Sam has to offer businesses, the research and development (R&D) tax credit is perhaps the most overlooked. This article explains how the credit works and why companies that have proven or attempted technological advances should claim the R&D credit. With Congress extending the credit under the Emergency Economic Stabilization Act of 2008, now’s the time to take advantage of it.
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