Many businesses overlook a tax incentive for R&D because they often do not view improvements made to products or business operations as R&D activities. However, the definition of a qualified activity for the Research & Experimentation (R&E) Tax Credit or the research and development (R&D) Tax Credit includes not only the development of new products, but also improvements to products, processes, techniques, formulas, patents, and software applications. The R&D credit can apply to a variety of companies including manufacturers, software developers, engineers, design/build contractors, and architects. Contact a member of our tax team to see if your company qualifies for an R&D Tax Credit.