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There is no Alaska R&D state tax credit program. Qualifying Alaskan businesses can participate in the federal R&D tax credit program in order to reduce taxes. Nearly every state has a research and development (R&D) tax credit program that incentivizes businesses to invest in R&D. Alaska R&D tax credits, unfortunately, are harder to come by.…
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Nevada doesn’t have a research and development (R&D) tax credit program. Innovative businesses could receive an R&D credit the federal government. Research and development (R&D) tax credit programs have long incentivized businesses to continue investing in R&D. Nevada doesn’t offer a state R&D credit program, but luckily, one of the R&D tax credit options for…
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Qualifying businesses can receive a federal and state research and development (R&D) tax credit to reduce tax burdens and reach new heights. Your company produces some of the most cutting-edge products on the market. Your R&D team is focused and creative, and you have a great relationship with the supplier of your needed materials. Unfortunately,…
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Bowers R&D Associates is a boutique consulting and advisory firm. The business provides industry-best Federal and State Research and Development (R&D) tax credit analysis and studies, without up-front or hourly fees. Many innovative business owners want to lower their tax burden but don’t know how. If you create exciting new products, consult with the tax…
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Federal and state research and development (R&D) tax credits are available to breweries throughout the country. Happy hour certainly wouldn’t be happy without skillful brewmasters. These wizards of water, grain, hops, and yeast craft scintillating new flavors. When brewmasters perfect their craft, they can bring people together over a cold pint. While many aspiring brewers…
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South Carolina businesses could claim up to 5% of qualified research expenditures (QREs) for conducting research and development (R&D). A research and development (R&D) tax credit program rewards businesses for investing in R&D. While there is a federal R&D tax credit, you can look closer to home for such a benefit. The Maryland R&D tax…
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Prosthetic designers could reduce their business’ tax burden with a federal research and development (R&D) tax credit. Every day prosthetic designers are creating vital tools that improve mobility and quality of life for clients that range from children to military veterans. Designing a new appendage takes time, money, and energy which can prove to be…
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With a federal research and development (R&D) tax credit, cosmetic companies can receive up to 10% of qualified research expenditures (QREs) as a credit and even more with applicable state R&D tax credits. The cosmetic industry is constantly in a whirlwind of innovation and creativity. Due to the cost of developing new make-up, oral, and…
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Maryland offers innovative businesses an R&D tax credit of up to 10% of QRE. No matter if you’re building robots or working a farm, starting and running a business isn’t easy. Inflation, unexpected expenses, and basic operating costs can deal devastating blows to entrepreneurs who are trying to provide innovative goods and services. Thankfully, if…
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A research and development (R&D) tax credit study requires a lot of information about your business and can be completed in about 30 days. The federal R&D tax credit is an incredible resource. It can empower start-ups and established businesses to engage in innovation processes that may have posed too much of a financial risk…