The Truth About R&D

There are a growing number of US businesses that now qualify for research and development tax credits, but not many are taking advantage of it.

What makes your business eligible for these deductions? Any firm with QRE or Qualified Research Expenditures.

Below is a list of some tasks that can be performed within an organization that would qualify for the R&D Tax Credit:

Manufacturing
Fabrication
Engineering
Software Development or Improvement
New Product & Process Development
Developing New Concepts or Technologies
Design - Layout, Schematics, AutoCAD
Prototyping or Modeling
Testing / Quality Assurance: 
ISA 900X, UL, Sigma Six, etc.
Integration of new machinery
(CNC, SLA, SLE, etc) into existing process
Automating /Streamlining Internal Processes
Developing Tools, Molds, Dies
Developing or Applying for Patents

Many business owners (even smaller firms) are not aware that restrictions to qualifying for R&D are decreasing year after year. Technology has become part of every business (just the other day I discovered a small local feed store is changing ownership and the new owner will be buying new computers, creating inventory programs and selling online).

Does your business use the internet, computers or tablets? If so, then you probably qualify for a R&D tax credit!

Find out now at:  www.BusinessRefundEstimate.com