The federally mandated R&D tax credit was initiated by Ronald Regan and Congress in 1981, which is now permanent and supported by a $20B budget. This program is a stimulus reward for businesses that create jobs, develop new programs, and innovate in their competitive space with investment in technology and people. 85% of all businesses that apply annually are very large corporations and only about 5% of small businesses apply due to the lack of resources which are generally not provided by CPAs, Accountants, or CFOs. This program is a tremendous opportunity for small and medium-sized businesses to get back money that they are eligible for as overpaid tax and reinvest it "as they please." In this webinar, ACap's Ara Oghoorian is joined by George Brumis of Business Group Resources to discus business tax credits & incentives.
Business Tax Credits & Incentives
Dec 9, 2019 10:43:37 AM / by ACap Advisors & Accountants posted in finance, Business, Webinar, Taxes, taxcredits