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.
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.
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.
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.