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Here’s How You Can Get R&D Tax Credits for Veterinarian Pharmaceuticals
A federal research and development (R&D) tax credit rewards innovative veterinarian pharmaceutical companies. The credit can reduce a company’s overall tax burden. Developing animal drugs, also known as veterinarian pharmaceuticals, serves a vital purpose in today’s world. Not only do these products keep livestock healthy, but our four-legged friends at home can experience a higher…
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Your Business Could Qualify for an SBIR Grant and R&D Tax Credit
Some businesses can qualify for a small business innovation research (SBIR) grant as well as a research and development (R&D) tax credit. There are strict criteria a business must meet to receive both. Most business owners assume that receiving a grant for R&D funding automatically cuts them off from a federal or state R&D tax…
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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…
