 R+D tax deductions up to 175%?
I've got a group interested in becoming a Registered Research Agency, meaning that employing them to do various kinds of business research will result in tax offsets ranging from 125% to 175% for the clientele. Sounds like a fairly good deal all around - they get more work, clients get tax reductions.
Anyone here used an RRA, either as a tax reduction strategy or just because they needed some research/thinktanking done? Any anecdotes about RRAs being hired for essentially frivolous tasks purely to get the tax write-off?
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