Small Business Should Look to R&D Tax Credits

When you stop to include a “process” as a “reasonable” development cost to running your business, it seems to me that most small businesses could benefit from looking at this legal way to reduce income taxes. The article says that only one in twenty small businesses take advantage of this tax law – perhaps it’s a good time for small business to consider taking some additional expenses. There is nothing wrong with leveraging legal ways of reducing what you pay to Caesar. Good stewardship would include paying all the taxes you owe, but not a penny more.

Bill English, CEO