Articles & Alerts
10 Myths Around the R&D Tax Credit: Why Companies Think They Are Disqualified from Claiming the Credit
Research and development (R&D) is vital to many businesses’ survival. Despite the benefits of R&D, there are many common misconceptions about claiming the R&D tax credit, some of which include the idea that R&D must be revolutionary or that it is only for large companies. In reality, many businesses engage in R&D and may qualify for the tax credit. Below are ten “reasons” that unjustly lead companies to believe they are ineligible for the R&D tax credit.
By debunking these myths and learning more about the R&D tax credit, companies can take advantage of this valuable incentive and support their growth and innovation.
To discuss these and other matters of importance related to the R&D tax credit, contact Yair Holtzman, Partner and Leader of Anchin’s R&D Tax Credits Practice Group, or your Anchin Relationship Partner.