Why Qualified Activities Should Drive Identification of Qualified Expenses
Many times, the source of qualified research expenses (QREs) for research tax credit studies is found from investigating Profit & Loss (P&L) or GL accounts.
However, on average, we've seen up to 40% of missing qualified research expenses from this approach.
This white paper discusses how the standard approach for identifying qualified research expenses can result in under-claimed Research Tax Credits. See how examining qualified research activities (QRAs) can help identify unclaimed QREs.