Research and Development Tax Incentives May Be Broader than You Think
Research tax incentives are significant benefits available to businesses operating in the global economy. These incentives are broader than many companies realize, applying not only to product development but also to activities and operations such as new manufacturing processes, environmental improvements, software development and quality enhancements.
You can address the cost and risk of research and development (R&D) by leveraging available federal, state, and local tax incentives. Taking advantage of federal, global and state research tax incentives requires a keen understanding of Internal Revenue Service documentation requirements, and of the products and processes for which the credit is being sought.
The Deloitte Tax R&D team can help. These highly experienced tax professionals specialize in R&D tax incentives and use a demonstrated methodology including a powerful technology tool, a quality assurance team and R&D tax studies.
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