Kerrie Howes, Research & Development Credit Manager for JLK Rosenberger, explains the 4 part test and how to use it to determine if your business qualifies to claim the R&D tax credit.
Many business owners believe that you have to be big pharma with test tubes and lab coats to have qualified research activities. However, that is not the case. You just need to meet a series of tests laid out in the tax code. Review this video to learn more about the 4 part test.