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Research and Development (R&D) is essential for any business that wants to stay ahead of the competition. It involves the creation of new products, processes, and services that can improve the company's overall performance. However, R&D can be costly, and many small and medium-sized businesses may not have the resources to invest in it. That's where R&D tax credits come in. In this article, we will discuss how R&D tax credits can fuel your business growth. What are R&D Tax Credits? R&D tax credits are incentives provided by the government to companies that invest in research and development. These incentives are designed to encourage innovation and support the growth of businesses. In the United States, the R&D tax credit was established in 1981 and has since been renewed multiple times. R&D tax credits can be claimed by companies that invest in qualified research activities, including the development of new products or processes, the improvemen...