July 20th, 2023
Exploring other tax programs for small businesses can help you find additional opportunities for tax savings at the state and local levels. Let’s look at some of these programs and see how you can save
Research and Development (R&D) Tax Credit:
Often overlooked, the R&D Tax Credit is a powerful tool for businesses that invest in research and development activities. You may be eligible for this credit if your company engages in activities such as developing new products, processes, or software.
Work Opportunity Tax Credit (WOTC):
Often overlooked, the R&D Tax Credit is a powerful tool for businesses that invest in research and development activities. You may be eligible for this credit if your company engages in activities such as developing new products, processes, or software.
State and Local Tax Incentives:
In addition to federal tax programs, many states offer their own tax incentives to attract and retain businesses. These incentives can include tax credits, grants, or exemptions specific to certain industries or regions. RTC has extensive knowledge of state-specific programs and can help you uncover potential opportunities to minimize your tax burden.
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Dallas, TX 75360