Technological innovation involves substantial annual expenditures by many US businesses. And while the Research & Development (R&D) Tax Credit has been a part of the tax code for more than 30 years, there’s no doubt that it is a proven method for reducing or eliminating tax liability and increasing cash flow.
The tax definition of R&D is much broader than the traditional term “R&D.” It includes formal R&D activities and R&D groups, but also include developments and improvements related to products and operational processes.
Thank you for joining us for an exploration of the R&D tax credit and its versatile applications across industries.
Todd Sutherland, Director of R&D Tax Credits | UHY Advisors, Inc.
Todd Sutherland has over 20 years of accounting experience across a wide industry spectrum. He specializes in helping clients claim research and development tax credits, and defending research and development tax credit claims under IRS examination.