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Alabama R&D Tax Credits in 2023
Alabama doesn’t offer a state research and development (R&D) tax credit program, but qualifying Alabama companies can apply for a federal R&D tax credit. R&D credits serve as great rewards for innovative companies, and more than 25 states offer some kind of R&D tax credit program. State tax credit programs can be used in addition…
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Contractors, Grow Your Business with R&D Tax Credits
Contractors can grow their businesses by helping clients access R&D (research and development) tax credits. Businesses in nearly every industry will rely on contractors at one time or another. Pharmaceutical and cosmetic companies often employ external labs to assist in product development. If your lab is often contracted, you can use R&D credits to stand…
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Can a Family Business Utilize R&D Tax Credits?
Family businesses can benefit from federal and state research and development (R&D) tax credits if all qualifying criteria is met. Family businesses can benefit from federal and state research and development (R&D) tax credits if all qualifying criteria is met. You’ve built a family business that you hope will last for years to come. While…
