The Research & Development tax credit is the most significant of the few domestic tax credits remaining under current tax law—an important tool for maximizing a company’s value. Companies now also have the ability to apply for the new Alternative Simplified Tax Credit (ASC). The ASC is particularly beneficial to companies that have not reported research credits in the past or have reported nominal credits due to the burdensome base amount rules. The Research & Development Tax Services team at Deloitte Tax LLP can help.
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