The competitiveness of the U.S. economy depends on technological progress and every company needs to innovate to survive. This means constantly enhancing existing products and services, and developing new ones – all to drive revenue and profits, to illustrate a market leadership position, and to stay ahead of the competition.

 

The U.S. offers some of the world's richest business development tax incentives, but chances are you're not taking advantage of them and getting the cash you deserve. BIS has found many of our clients regard their own efforts to make new, lighter, stronger, cheaper, more reliable products as “just doing my job,” when in fact they have been performing business activities all along that would qualify them for lucrative incentives and credits.

 

“Innovation is key to long-term survival and it goes beyond new product development. It means radically re-evaluating areas of your business, such as strategy, business processes, operations and management models." - Julian Birkinshaw, Professor of Strategy of Entrepreneurship at London Business School.

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Companies in many different industries who are constantly innovating can qualify for the incentive tax credits, including:

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• Aerospace and defense

• Software

• Telecommunications

• Chemicals and plastics

• Oil and gas

• Food processing

• Entertainment and media

• Construction and engineering

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