alliantgroup Managing Director Reed Showalter was recently featured as a guest contributor for the International Business Associates’ blog. In his piece “The R&D Tax Credit: Driving Innovation, Job Creation and American Enterprise,” Showalter covers the history and gradual evolution of the Research & Development Tax Credit since its inception in the early 1980s.
Starting from the early days of the credit as a means to boost the American auto industry to the numerous judicial, legislative and regulatory based changes implemented over the span of four decades, Showalter offers an in-depth analysis of the credit’s expansions and pro-taxpayer modifications that have been made for the benefit of U.S. businesses. As Showalter highlights in the piece, the R&D Tax Credit has always been a driving force for innovation and competitiveness within our country – and due to the modifications that have been made to the credit over time, this vital government incentive has been expanded for the benefit of middle-market businesses and numerous sectors of the U.S. economy. Considering the loosened restrictions regarding the credit, Showalter ends the piece by imploring businesses seeking to add bottom-line value to their business to investigate the R&D Tax Credit.
Click here to read the full piece.