Understanding The Impact Of External Funding On R&D Credit
Channel: James Rainwater
Date: 22/04/2024

Did you know that some research projects can be funded by another person or a governmental entity?

In such cases, the costs that are not reimbursed can be claimed as R&D expenses, as long as they meet all the necessary tests. 

However, any expenses that are being reimbursed by someone else cannot be claimed. 

So, if you have a project where only a portion of the costs are reimbursed, make sure to exclude that amount from your R&D expenses. 

Book a call with Rainwater CPA now to learn more. 📞
 
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