The state of Connecticut is doubling down on innovation, and small businesses stand to benefit in a big way. Recently there has been a push by state leaders to expand and strengthen R&D tax credit programs, with a particular focus on making them more accessible and valuable to startups and small to midsize companies. For businesses investing in research, product development, or process improvement, this signals a major opportunity to improve cash flow and reinvest in growth.
Many of the activities conducted by restaurant technology and software companies qualify for the R&D tax credit.
Many companies in the food processing industry do not realize that they are eligible for the research and development tax credit.
R&D is essential to driving technological change in aquaculture, and many people working in the industry engage in R&D activities on a weekly basis. These activities could qualify for a significant tax credit that shouldn’t be passed up.
All of the innovative pursuits related to crafting beer with various new flavor and aroma profiles, are exactly the types of ventures that the R&D credit is available for.
Did you know that Electrical Contractors may be eligible to receive Research and Development (R&D) tax credits?
Recent changes under the One Big Beautiful Bill Act (OBBBA) are bringing welcome relief to businesses that invest in research and development. Through Section 174A, companies can once again immediately deduct domestic research and development (R&D) expenses incurred after December 31, 2024, reversing the five-year amortization rule that had been in place since 2022.
Engineers, manufacturers, and other individuals engaging in current research and development of drone technology are eligible for R&D federal and state tax credits.
Choosing an R&D tax partner that can work seamlessly with your firm can offer great value to both your firm and your clients. Here are seven important qualities to keep in mind when choosing the right R&D expert.
Consider making the R&D tax credit part of your long-term strategic planning and make sure you’re not leaving money you’ve earned on the table.
