The Research and Development (R&D) Tax Credit is a massive tax-saving opportunity for companies all over the world – across all industries – that are engaged in qualifying research activities. Companies that are looking for ways to save money and offset costs, which is especially important during an economic recession, should strongly consider taking advantage of these tax savings, as they can make a significant difference to your bottom line. Potential benefits from these tax savings include improved cash flow, lower payroll costs, and increased competitiveness.
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