According to alliantgroup National Managing Director and former Senior Counsel to the U.S. Senate Finance Committee Dean Zerbe, the Research and Development Tax Credit is finally in a good place. As a result of a number of policy changes taking place within the past few years, the R&D Tax Credit has not only been made permanent, but has been expanded for the benefit of our nation’s small and medium businesses.
In his piece appearing in Forbes “R&D Tax Credit – Still the One for Small and Medium Business Owners” Zerbe offers an in-depth analysis of the steps that Congress has taken over the years to ensure small and mid-size businesses are able to take advantage of the credit to the extent that large corporations have been doing for years. Recognizing the imbalance that existed between large corporations and the middle-market, Zerbe notes how Congress has passed a number of reforms designed to address this issue and to expand access to the credit among small and medium businesses – what Zerbe refers to as the companies that are “at the heart of our country’s economic prowess.”
Click here to read the full article to learn more about the R&D Tax Credit, its value to business owners and a few of the top reasons why many perfectly eligible businesses self-censor and fail to claim their fully entitled to tax benefits.