R&D Tax Credits with WealthWorks360
In this brief presentation, the speaker explains that U.S. companies collectively claim billions of dollars in research and development (R&D) tax credits each year, yet a comparable amount remains unclaimed because many businesses do not fully understand the credit. The credit is available to a wide range of industries—including manufacturing, architecture, engineering, construction, software, agriculture, food & beverage, MEP contracting, tool & die, and life sciences—whenever a company creates or improves a product, process, or software. Importantly, even attempts that do not succeed qualify. The credit directly offsets federal and state tax liabilities, providing a tangible reduction to a company’s bottom line. The overall message is that almost any company that tries to innovate can claim the R&D tax credit and should ensure they are not leaving money on the table.
