Any company that designs, develops, or improves products, processes, techniques, formulas, inventions, or software may be eligible for an R&D Tax Credit.
What Type of Business Qualifies for R&D Tax Credit?
Who and what qualifies as research and development (R&D) is much broader than most realize. Activities and costs related with developing or improving a product and/or process often qualify for R&D tax credits. Furthermore, engineering, design, testing, and programming are now included as Qualified Research Activities (QRE).
The R&D Tax Credit has proven to stimulate the economy and now saves U.S. businesses more than $12 billion annually. However, LESS THAN 33% OF BUSINESSES THAT QUALIFY, CLAIM THE CREDIT!
What Are the Benefits Of An R&D Tax Credit Study?
The average R&D Tax Credit puts over twenty-five thousand dollars, for every million dollars in total company payroll, back in the business’s pocket. This creates an immediate increase in the company’s cash flow.
Employers receive a dollar-for-dollar credit against taxes owed or previously paid and employers can carry the credit forward for future profitable years.
- Avg $25,000 per $1,000,000
- Increased cash-on-hand
- Dollar for dollar carry forward credit.
- 3-Year Lookback
How To Get Started With R&D Tax Credits?
To get started, we’ll schedule an over the phone consultation with one of our R&D Specialists to discuss and identify potential Qualified Research Expenditures. This is a simple and quick process.
If qualifications are identified, we’ll collect an authorization to begin working on your behalf.
We’re so confident in what we do that no fee is charged until credits are identified and utilization is verified with your accounting representation.