The research & Development Tas Credit was originally enacted as a Federal Tax Program in 1981 and was designed to encourage American investment in innovation. In 2004, tax regulation changes significantly expanded this credit opportunity which is available to many small and medium-sized companies whose activities include design manufacturing and process improvement. R & D tax credits are not just for guys in white coats. Most businesses can generate significant tax credits from R & D tax audits. No savings no fees.
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