
What Your Clients Need To Know About Federal R&D Tax Credits
Many small- and medium-size businesses (SMBs) may be missing out on an opportunity to reduce their payroll taxes through research and development (R&D) tax credits. R&D doesn’t apply just to organizations doing hard core science. In fact, any business in any industry that is investing time, effort, and resources to improving products, processes, or solutions is eligible for the federal R&D tax credit and possibly state R&D tax credits.