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Industry Trends Analysis: Stay informed about the latest industry trends and technological advancements. Aligning your R&D efforts with the direction of your sector can not only enhance your competitiveness but also boost your eligibility for tax
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Tax credits for innovation You must keep thorough, contemporaneous records of your R&D activities to substantiate your claims and secure a successful audit. This is essential as the IRS requires detailed documentation to support R&D tax credit claims. Inadequate record keeping can lead to denied claims, penalties, and even
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