View Full Version : R&D deductions

06-21-2006, 11:00 PM
If i have an LLC and try to develop some products that go nowhere, can i benefit from this on my taxes?

06-22-2006, 01:32 AM
I'm not sure how it works in your locality, but in the UK you can offset VAT (sale tax) on all purchases (eg: supplies) made for the business. There are other possibilities too, but these tend to be more complex and uncommon.