Re:Remote work means anyone can take your job
by gamblor956 on Thursday May 28, 2020 @07:26PM
(#23344338)
You're missing the context. The point of the R&D credit is for companies to engage in R&D activities in the US as opposed to other countries. Additionally, it was introduced in reaction to other countries introducing R&D credits to steal R&D work from the US.
It does not create a barrier to small companies. If you're not big enough to handle the paperwork for the R&D credit, you're not spending enough to derive meaningful benefit from the credit anyways. And generally, there exist plenty of accounting firms that will prepare the R&D documentation on a % basis (of the allowable R&D credit identified).
It also subsidises product development engineers - a profession that is doing well already
In the software world, sure. There are plenty of industries where product development staff (many of whom aren't engineers) don't make anywhere close to 6 figures.
It does not create a barrier to small companies. If you're not big enough to handle the paperwork for the R&D credit, you're not spending enough to derive meaningful benefit from the credit anyways. And generally, there exist plenty of accounting firms that will prepare the R&D documentation on a % basis (of the allowable R&D credit identified).
It also subsidises product development engineers - a profession that is doing well already
In the software world, sure. There are plenty of industries where product development staff (many of whom aren't engineers) don't make anywhere close to 6 figures.