What is Research & Development?
Deb Roth, CPA
July 18, 2024
Many industries invest in research and development to drive innovation and maintain a competitive edge within their respective markets. By investing in this credit, businesses can increase their cash flow and reduce their tax rate, thus opening opportunities to further invest in advancements within their industry. Some of the common industries include and are not limited to: Aerospace Architecture & Engineering Blockchain Development Chemical Construction/MEP Consumer Products Contract Manufacturing Financial Services Food & Beverage Game Development Manufacturing Metal Fabrication Mortgage
