Why a tax credit for small businesses goes underused

Source: Dean Zerbe - The Washington Post

The handwriting is on the wall that when the short-term“fiscal cliff” patch is put together, successful small businesses will likely take a hit. Now is the time for business owners to stop fretting, and instead, start talking to their accountants and tax advisors about taking advantage of one most underutilized tax credit available for small business owners – the Research and Development (R&D) tax credit.

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