ABSTRACT
Game development IS often rife with experimentation. For most businesses, this 10-year election wouldn’t apply, because methods and processes in product development either don’t apply to them or they are utilizing proven processes. Hence, accounting firms specializing in R&D matters are simply trying to reach part of this audience. The Research and Experimentation Tax Credit, simply known as the R&D credit, encourages businesses to invest in new products, processes, and take risks by giving them a tax credit for certain expenses in taking these risks. Because these ventures majorly fuel economic growth and innovation, even when initiated on a small level regardless of the projects’ success rates, lobbyists in tech, pharma, and manufacturing fought for years to make this credit a permanent part of the tax code.
