News & Content: Member Blog

R&D Tax Credits in the Time of COVID-19

Thursday, June 4, 2020   (0 Comments)
Posted by: Abbey Kwiat
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The Plante Moran Team

 

Uncle Sam wants you... to conduct research and development. That’s why there’s incentives to do so written into the U.S. tax code. In times like these, we’re all looking for ways to save some cash. The good news is you might already be eligible for these credits for something as simple as creating an internal workaround process to limit staff and consumer interaction. The process doesn’t need to be new to the world, just to your organization.

With all tax benefits come strict rules, but don’t let that deter you. Do your balance sheet a favor and find out if you qualify for R&D tax credits today.


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