Tax Credits Construction Firms Often Overlook

Category: Construction

This article discusses significant construction projects that are set to begin rather soon in the Midwest. However, a major source of funding is being overlooked; a research and development tax credit. Although there are four qualifications a project must meet in order to receive a research and development tax credit, digging into whether or not your firm qualifies can be well worth it. In fact, “The R&D credit has recently been made a permanent federal tax incentive, and a qualifying company can claim it yearly, providing it a significant recurring reduction in its income tax liability.” Be sure to check out this article for more details!

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