Are you involved in developing new products, prototypes or patents? Have you designed a new manufacturing facility or process? Is your business dependent on trade secrets or proprietary information?
The federal research and experimentation tax credit (aka "R&D credit" or "R&E credit") is a 20 percent credit on selected research expenditures. Several states offer similar research credit incentives as well.
From high-technology companies to software developers to consumer and industrial product manufacturers, smart businesses are taking advantage of the research tax credit. Grant Thornton’s tax professionals can help you capitalize on this valuable credit opportunity.

