tax tips
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Businesses located in specific areas of PA could qualify for both a KIZ and federal R&D tax credit. Since 2004, the Keystone Innovation Zone (KIZ) tax credit program has been helping young, innovative PA companies reduce their tax burden. Bear in mind that the KIZ tax credit program does restrict who can apply for it…
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The Federal research and development (R&D) tax credit program rewards businesses for increasing investments in innovation. Companies must innovate to remain competitive in their respective industries. Of course, taking part in forward-thinking enterprises is also costly. Thankfully, a Federal R&D tax credit can provide a substantial reward for taking financial risks and developing new products.…