How YOU Benefit from a Tax Credit Study
It is important to the competitiveness of U.S. companies in a global economy to continue to development innovations and to maximize free cash flow. In addition to the “found” money that can be available through the filing for the credit, you have the following potential benefits:
- Understanding how the credit is determined can help you plan your future R & D activities;
- Through knowledge of the financial benefits you can realize you can focus on innovation efforts to help you stay or become more competitive;
- Future development of additional revenue streams that result from innovations you develop today;
- To the extent you do not capture the full economic return from R & D activities the tax credit supplements the private return;
- Lowering your effective tax rate for the current year and future years