R&D Tax Credits
Do you engage in research & development (R&D) activities? The government will pay your taxes.
What Qualifies For An R&D Tax Credit?
These activities can include developing new products or processes, improving existing products or processes, or creating new or improved software.
The IRS allocates $30 billion a year for R&D tax credits. Only $18 billion are claimed. Let us help you claim yours.
Not sure if you’d qualify for cost R&D?
We’re here to help.
Development
Developing new products and processes
Improvement
Improving existing products or processes
Software
Creating new or improving existing software
About R&D Tax Credits
Research and Development (R&D) activities can include developing new products or processes, improving existing products or processes, or creating new or improved software. The R&D tax credit is a federal credit and state-by-state tax laws vary. Some states have their own R&D tax credit, which may be claimed in addition to the federal credit.
There are several different methods for calculating the R&D tax credit, and the method used will depend on the company’s specific situation.
To claim the R&D tax credit, a company must first determine if it meets the qualifications for the credit, which include engaging in qualified research and development activities and having qualified research expenses.
What You'll Need
- Qualified research expenses: This includes all expenses related to R&D activities, such as wages, research expenses, supplies, etc.
- Documentation of R&D activities: This includes detailed descriptions of the research projects, the purpose of the research, and the results achieved.
- Employee wages: Wages paid to employees who are involved in the R&D activities must be calculated and documented.
- Time and attendance records: Time and attendance records must be maintained to show the number of hours each employee spent on R&D activities.
- Cost of supplies and materials: All supplies and materials used in the R&D activities must be recorded, including the cost of the items and the date of purchase.
- Contracts with outside research companies: If a company contracts with an outside research company for R&D services, the cost of the contract must be documented.
Stay Afloat and Thrive
The Research & Development Tax Credit can give tens of thousands back in tax credits to qualified businesses. On average, our clients receive up to 30-40% more.
Our in-house legal team remains up to date on the ever-changing red tape set by the IRS & Congress, so you don’t have to.
We’ve Got The Experience To Do This Right.
About The Mewes Group
In March of 2020 at the outset of the pandemic, we had the opportunity to participate on a call with the White House regarding covid business relief programs. It quickly became quite apparent the size and complexity of these programs, and that business owners were going to be left on their own to figure out these programs. It is our mission to aid business owners to successfully navigate these programs, legally and ethically.
We specialize in tax credits and government incentives. Our sole focus is to help you take advantage of complex government programs like the ERC, Real Estate Cost Studies, R&D Credits, and other credits.