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Dentallabnetwork.com
Business Ideas
R& D Tax credits for Labs
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<blockquote data-quote="Jason D" data-source="post: 320720" data-attributes="member: 12217"><p>yes, they are a great tool to offset the tremendous work of validating new products and methods since the manufacturers often make us 'free beta testers' or 'guinea pigs' for products.</p><p></p><p>however... they represent a lot of time accounting for expenditures of time and materials in the testing processes and you need to understand the qualifications for 'qualified projects' under IRS guidelines. If you are unsure, consult a professional in this specific area of expertise. I can say that the amount they have allowed us to recoup has been significant. very much depends upon the size fo your organization and the types of work you do and amount of new products and materials you work with each year.</p></blockquote><p></p>
[QUOTE="Jason D, post: 320720, member: 12217"] yes, they are a great tool to offset the tremendous work of validating new products and methods since the manufacturers often make us 'free beta testers' or 'guinea pigs' for products. however... they represent a lot of time accounting for expenditures of time and materials in the testing processes and you need to understand the qualifications for 'qualified projects' under IRS guidelines. If you are unsure, consult a professional in this specific area of expertise. I can say that the amount they have allowed us to recoup has been significant. very much depends upon the size fo your organization and the types of work you do and amount of new products and materials you work with each year. [/QUOTE]
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