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Tuesday, November 07, 2006 

Your R&D = Tax Credit

Many of Big Blue Saw's customers are small businesses developing new products to sell to customers. Many of them are not aware that the US federal government offers a tax credit for research and development of new products. Now, I'm not a tax expert, but it appears that this tax credit is worth looking into. It means filling out IRS form 6765 with your tax return.

Many states, including Georgia, also offer a similar tax credit.

So, if you use Big Blue Saw for R&D, consult your tax expert about ways to save on your business taxes.