The R&D Tax Credit was enacted by the federal government in 1981 to encourage companies to keep jobs in the United States. Several states have their own R&D Credits that companies are eligible for. Unfortunately, the federal and state credits are underclaimed and eligible companies are missing out on the opportunity to claim this valuable tax credit.
In 2015, the PATH Act was passed, which allows even more companies to take advantage of the R&D Credit by allowing eligible companies to offset a portion of payroll tax.
Additionally, there are similar programs in other countries, and EPSA has the expertise to help your company take advantage of the R&D Tax Credit not only in the US, but in 15 other countries.