Tuesday, February 19, 2013 Brian Lefever, VP of Operations, Titan Armor; Dawson Fercho, National Director Channels/Awareness, Titan ArmorThe Federal R&D tax credit (based on congresses’ definition) could certainly improve with a title like the “Trial and Error” tax credit. These incentives are for taxpayers of any size that use their heads and problem solve daily. This includes designing, developing or improving products, processes, techniques (think waste reduction or efficiency improvements), formulas or software. At its most basic level the credit is available to all successful U.S. businesses. What is meant by "successful?" If you are making money and you develop products/services on U.S. soil then you are recognized as being successful. Because you are successful you have full ability to take advantage of these valuable incentives that are specifically on the books to help reduce your cost to compete annually a global market. Considering treasury data, which shows only 1 in 10 U.S. companies currently take advantage of these valuable incentives, it’s time to raise participation levels and it starts with education. #GeneralManagement#FinancialManagement