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Friday, June 26, 2020

Many business owners (even smaller firms) are not aware that restrictions to qualifying for R&D are decreasing year after year.

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

Don't read this unless you have a business in the US, or know an owner and are going to actually use this info.

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

Find out now at:  BusinessRefund.com




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