Does your business qualify to claim the R&D tax credit?

08/17/2011 | Bloomberg Businessweek

A wider range of businesses can claim the research and development tax credit than many realize, Karen Klein writes. "The rule of thumb is, if you have an engineer on staff, you probably have research and development expenses you should be capturing," said CPA Sean Haggard. Logging research time and holding on to documents such as diagrams are important for keeping tabs on research expenses, he said.

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