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Tag: business tax credits

What qualifies as R&D expenses?

What Qualifies as R&D Expenses?

The Research & Development Tax Credit (R&D tax credit) is a dollar-for-dollar federal tax credit that incentivizes the development of new or improved products or processes.

Potentially any company that performs “qualifying research activities” (QRAs) on U.S. soil can take advantage of the credit. R&D expenses that qualify for the R&D tax credit are known as qualified research expenses or qualifying research expenditures (QREs).

What is a cost segregation study?

What Is a Cost Segregation Study, and Why Plan One Now?

Cost segregation is a tax planning strategy that reduces federal income tax liability.

It does this by accelerating the depreciation of commercial building costs. It can be a smart way for businesses to make their real estate investments work for them sooner rather than later. So, let’s look at the cost segregation process and the benefits of doing a cost segregation study.

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