R&D Tax Credit: The Innovation Incentive
Cherry Bekaert
APRIL 5, 2023
Many businesses are not benefitting from this tax incentive because of false assumptions, such as that the R&D must be “groundbreaking” to qualify for the credit; claiming the credit will result in an audit; time tracking tools must be used to capture R&D efforts; or that the R&D tax credit is only beneficial to large organizations.
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