research expense deduction

Small businesses: Understand new research expense rules and a July 6 filing deadline — Photo by Yaroslav Shuraev on Pexels

Stop Losing On Small Business Taxes

Can you cut your small business tax bill by up to 25%? Yes - by claiming the research expense deduction before July 6, you can instantly lower taxable income without waiting for future years. The IRS warns that a 5% penalty plus interest applies to any unpaid tax after the