How Businesses Can Leverage R&D Tax Credits to Reduce Tax Liability in 2025
Research and development are critical for business growth and for national security, as businesses invest in innovation and keep the United States competitive in a global economy.
Recognizing this, the federal government offers tax incentives to businesses that invest in R&D. If your company invests in improvements in processes, products or software, you have an opportunity to reduce your tax liability every year. There is still time to claim the credit for the 2024 tax year.
Top Industries That Qualify for R&D Tax Credits (And How to Maximize Benefits)
The R&D Tax Credit offers valuable savings for businesses of all sizes investing in innovation. Many miss out due to misconceptions—R&D includes any product, process, or software improvement, not just lab research.
Potential Tax Law Changes in the New Trump Administration
With potential business tax cuts and the possible repeal of green-energy incentives, 2025 may be the last chance to claim the 179D deduction at its full value—up to $5.81/SF. Businesses with energy-efficient buildings should act now to secure maximum savings before changes take effect. Similarly, the R&D Tax Credit remains in flux, with uncertainty over immediate expensing. National Tax Group (NTG) provides expert risk assessments, cost segregation studies, and energy modeling to help businesses optimize their tax strategy and maintain cash flow, regardless of legislative shifts.
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.
Qualified Research Expenses: A Complete Guide
Navigate Section 174 challenges with NTG Mutual’s 174 Coverage. Discover solutions for managing R&D expenses effectively under new regulations.
Overcoming the Challenges of Section 174 with NTG Mutual 174 Coverage
Navigate Section 174 challenges with NTG Mutual’s 174 Coverage. Discover solutions for managing R&D expenses effectively under new regulations.
A Guide to R&D Tax Credits for IT Companies
Learn how IT companies can leverage R&D tax credits. Understand eligibility, qualifying activities, and tips to optimize your claims and boost business growth.
10 Tips to successfully claim the R&D Tax Credit in 2024
Discover 10 essential tips for successfully claiming the R&D tax credit in 2024. Maximize your savings and ensure compliance with expert guidance.
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.
Leveraging the R&D Tax Credit in 2024
The Tax Relief for American Families and Workers Act presents significant opportunities for businesses, particularly those involved in research and development (R&D), to enhance competitiveness and drive innovation. By allowing immediate deductions for R&D investments, restoring full expensing for critical assets, increasing write-off thresholds for small businesses, and addressing various business-related expenses, the act aims to stimulate economic growth and job creation.