Since 1954, Section 174 of the federal tax code has allowed businesses to deduct qualified research expenses in the year they incurred those costs. Congress also created the R&D Tax Credit in 1981. Together, these elements of the tax code have been highly effective as an incentive for investing in innovation. As part of the Tax Cuts […] The post A Business’s Guide to R&D Expense Capitalization and Amortization Changes appeared first on Warren Averett CPAs & Advisors.
