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If your medical practice or healthcare-related business has made changes to processes and procedures, now may be the time to consider the R&D tax credit.
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When it comes to the R&D tax credit, it isn’t only for scientists and researchers like many people think. Nearly any type of business can qualify for it, including builders and remodelers.
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Many businesses are grappling with uncertainty amidst the pandemic. Many are wondering how they can hit pre-pandemic revenue levels and generate cash flow. For some businesses, the research and development (R&D) tax credit could be part of the solution.
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Over the last two years, we’ve all heard about the Tax Cuts and Jobs Act and the business-friendly measures that came with it. But amid the shiny new perks of tax reform, there’s a tax credit that’s still one of the best ways for businesses—including manufacturers—to reduce their tax liability.
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