While the majority of audio visual integrators may think their work goes unnoticed, there is one key entity that recognizes the ongoing importance of their work—the U.S. federal government. In fact, according to alliantgroup Managing Director Tracy Lustyan, many of the activities and work projects of AV integrators are seen as so vital to spurring future innovation and strengthening the U.S. economy that these businesses can be rewarded in the form of a significant reduction in their tax liability.
In her article appearing in Sound & Communications “Sound, Sight & Savings,” Lustyan discusses how AV integration companies, due to projects and activities the majority of these businesses complete on a daily basis, are traditionally excellent candidates for the Research and Development (R&D) Tax Credit. A government-sponsored tax incentive that rewards companies for a range of technical activities, Lustyan breaks down how the traditional projects of AV integration companies qualify these businesses for the R&D Tax Credit.
Contact us today for more information on the R&D Tax Credit and alliantgroup’s tax consulting services.