How to Document Your R&D Activities for a Successful Tax Credit Claim 

How to Document Your R&D Activities for a Successful Tax Credit Claim?

If your business invests in research and development, you likely qualify for the R&D Tax Credit—a dollar-for-dollar tax reduction that improves cash flow. Despite its value, 70% of eligible businesses don’t apply, often due to documentation concerns. However, with proper tracking of Qualified Research Activities (QRAs) and Qualified Research Expenses (QREs)—including wages, supplies, and contract research—businesses can claim substantial tax savings. National Tax Group (NTG) simplifies the process, ensuring compliance and maximizing benefits. Don’t leave money on the table—contact NTG for a free consultation today.

Update on Uncertainty: The Future of the R&D Credit

In a pivotal moment early last month, the Senate blocked bipartisan legislation that aimed to restore and expand key business tax provisions, including the vital research and development (R&D) tax credit. This vote has left American businesses in a precarious position, as the tax package also sought to address bonus depreciation and interest expense limitations. […]

Unleashing the Power of R&D Tax Credits for Manufacturing Businesses

As a manufacturing business leader, you’re constantly striving to stay ahead of the competition and drive innovation. But are you fully leveraging one of the most powerful financial tools at your disposal? The Research and Development (R&D) Tax Credit is a game-changer that can significantly boost your bottom line, yet it’s often overlooked. Let’s dive into how this underutilized incentive can fuel your company’s growth and innovation, and why you need to act now to maximize your benefits.