August 26, 2020
In the midst of the COVID-19 crisis, one of the biggest challenges facing management is how to fund on-going operations, and retain employees on the payroll, and quickly resume normal operations after the crisis subsides. In addition to several programs now available at the federal, state, and local levels, it is important to consider the role R&D Tax Credits could play in your funding strategy. Business Group Resources can assist you in doing so.
The Research and Development (R&D) Tax Credit was first enacted in 1981 and is now permanent, yet it continues to be one of the most misunderstood areas of tax law. In 2003, IRS regulations replaced a “discovery test” with much more broader requirements in order to qualify for the credits. Year after year, small and mid-size businesses continue to miss out on the opportunity for huge tax savings because they either don’t realize they are eligible for the credit or are unsure how to apply for these credits. Business Group Resources is offering a free initial analysis on your business in order to see analyze any available credits that may be entitled to by law. Their company boasts an average tax rebate from these credits up to $120,000.
Who can qualify?
- Manufacturing
- Construction
- Engineering
- Textiles
- Agriculture
- Automotive
- Financial Services
- Software
- Consumer Products
- Entertainment & Media
- Food Processing
- Doctors
- Dentists
- Chiropractors
- Medical Devices
- Fashion Designer
- Oil & Gas
- Consulting
- Chemical & Plastics
- Telecommunications
- Website Development
- Paper & Forest Products
And many more!
Contact Steve Wright with Business Group Resources to see if your business qualifies.
Phone: 858 525 2833
E-mail: stevewright@businessgroupresources.com