R&D Tax CreditERTCSection 174Industries
Aerospace & Defense
Alcoholic Beverages
Food & Beverage
Architecture & Engineering
Industrial Hemp & CBD
Manufacturing
Medical & Pharmaceutical
Software & Technology
Sub Industries
Sub Industries
Sub Industries
Sub Industries
ArchitectureCivil EngineeringConstruction EngineeringElectrical EngineeringEnvironmental EngineeringLEED / Sustainable ArchitectureMechanical Engineering
Product EngineeringStructural Engineering
Sub Industries
For more information about the R&D Tax Credit for Hemp and CBD sub-industries,
please visit www.hemptaxcredit.com
Sub Industries
AgricultureApparel & TextilesAutomotive & Original Equipment
Manufacturers (OEMs)Consumer Packaged GoodsChemicalsElectronicsFood & Consumer Packaging
Industrial AutomationMetals & AlloysOil & GasSemiconductorsRobotics ManufacturingShipbuilding & MarineTool & DiePlastic Injection Molding
Sub Industries
Analytic Research LaboratoriesClinical TrialsCompoundingGeneric Drug DevelopmentMedical DevicesMedical Equipment Manufacturers
Orphan Drug DevelopmentPackagingPharmaceutical Development / ReformulationReagent DevelopmentVaccines
Sub Industries
Artificial IntelligenceBlockchainCryptocurrencyCybersecurityElectronics
FinTechRoboticsTelecommunicationsVR/AR DevelopmentVideo Game Development
Active R&D Tax Credit States
Inactive R&D Tax Credit States
Alabama
Alaska
Arizona
Arkansas
California
Colorado
Connecticut
Delaware
Florida
Georgia
Hawaii
Idaho
Illinois
Indiana
Iowa
Kansas
Kentucky
Louisiana
Maine
Maryland
Massachusetts
Michigan
Minnesota
Mississippi
Nebraska
New Hampshire
New Jersey
New Mexico
New York
North Dakota
Ohio
Pennsylvania
Rhode Island
South Carolina
Texas
Utah
Vermont
Virginia
Wisconsin
Wyoming
West Virginia
Washington
Tennessee
South Dakota
Oregon
Oklahoma
North Carolina
Nevada
Montana
Missouri
District of Columbia
Payroll Tax Credit
SUBTOPICS
The Payroll Tax Credit is an extension of the R&D Tax Credit that allows qualified small businesses (QSBs) to use their federal R&D tax credits to offset their payroll. Learn more about the Payroll Tax Credit here.
State R&D CreditsJournalsFAQs

A better way to claim business tax credits.

Strike enables all businesses to take advantage of the R&D tax credit, the Employee Retention Credit, and other incentives available to them —with no out-of-pocket costs.

Book A ConsultationHave Us Contact You

Partnering With You To Deliver Results, Not Just Credits.

A purple smiley face with a black background.

600+

happy clients
A black and purple icon of a calculator.

$150M+

credits calculated
a purple circle with a dollar sign inside of it

$250K

avg. credit amount

We're Different: Strike ForceTM

a purple button with a dollar sign on it

No out-of-pocket costs

No retainers, monthly billings, or fixed fee contracts. There’s never any upfront or hidden costs to getting started with Strike.
Pay only when you reduce your taxes or receive a refund.
A purple square with a white circle on it.

Unlimited audit support

Strike ShieldTM is our promise to defend our work, at no additional cost. While claiming credits itself doesn’t increase the audit risk of our clients, we understand audits can happen and are with you the entire way.
Unlimited audit support with a 100% fee-back guarantee.
a purple button with a white logo on it

Boutique firm, expert advice

Strike ForceTM team is built from world class talents and firms. We specialize in various technical disciplines as CPAs, Enrolled Agents, attorneys, scientists, engineers, and techpreneurs.
We’re not just tax people, we’re people people.
call-logo3

Call (208) 252-5444 for a
tax credit consultation.

Call Now!

What is the R&D Tax Credit?

What is the Research & Development (R&D) Tax Credit?

The R&D tax credit is a $22B government tax incentive to reward U.S. businesses for their investments in innovation and technology advancements.
‍
Confusion and complexity surround the R&D tax credit, resulting in millions in unclaimed credits. Don’t let that stop your company from qualifying. Strike’s experts will quickly evaluate your tax credit opportunity.  
‍
Companies developing new or improved products, software, apps, processes, techniques, formulas, or inventions can qualify. This can include new functionality, as well as quality, reliability and performance enhancements.

What is the Employee Retention Tax Credit (ERTC)?

Also known as the “ERC” or “ERTC”, the Employee Retention Tax Credit provides businesses impacted by COVID-19 with a cash payment from the IRS of up to $26,000 per employee.

Businesses qualify by confirming a reduction in revenue in any quarter during 2020 or 2021 as compared to 2019 or by demonstrating a full or partial disruption to business operations resulting from a governmental COVID-19 related order or decree.

What is the ERTC?

The R&D tax credit is a $22B government tax incentive to reward U.S. companies for their investments in innovations and technology advancements.
All expenses must undergo The 4-Part Test to qualify. These could be wages, supplies, software/cloud service, or even contract research.

Dollar For Dollar

The R&D tax credit reduces federal, state, income, and payroll tax liabilities. Meaning, if you owe $70K to the IRS and your federal credit is $70K, you will owe $0.

Federal & State

The Federal R&D tax credit is a permanent tax credit, thanks to the PATH Act passed in 2015. There are 36 states who currently have their own state-level version of the R&D tax credit. It's important to note, a business can qualify for both the federal credit and their respective state credit.

Generate Cash Refunds

The IRS issues cash refunds to businesses and their owners (pass-through entities) that engaged in R&D but did not claim the credit on a timely filed return. Businesses can retroactively amend their tax returns for the past three or more years, resulting in substantial cash refunds.

Apply to Payroll Tax

Start-ups may be eligible to apply the R&D tax credit against their payroll taxes for up to five years. Recent legislation has increased the allowable amount for start-ups to offset payroll taxes from $250,000 to a maximum of $500,000 per year.
Learn more about the R&D tax credit
Enacted as part of the Coronovirus Aid, Relief, and Economic Securty (CARES) Act, qualifying small businesses can receive up to $26,000 per employee via direct payment.
A hand holding a bitcoin in a pixel style.

$26,000 Per Employee

Businesses that meet the requirements and are eligible for both 2020 and 2021 could be looking at up to $26,000 per employee in employee retention tax credits.
an orange and black logo with a black background

What If I Claimed PPP?

You can still qualify for the ERC, despite claiming PPP. 

The amount of any PPP loans forgiven are simply backed out of the wage calculation. Strike experts ensure all of your calculations include any PPP forgiveness.
a pixelated image of a star in a circle

Do I Qualify?

If you own a small business and experienced any of the following, you likely qualify: Reduction in revenue or Reduction in hours
Full or partial shutdown
Supply chain disruptions
a black and purple clock with a black background

There’s Still Time to Claim

There is no limit to how many businesses can claim the credit or how much funds are available. But there is limited time to amend your tax returns and receive the credit.
Learn more about the ERTC

Let’s get you qualified.

In just a few short minutes, our Tax Credit Specialists will be able to get you qualified and on your way to collecting the money you deserve.
Schedule Time With An Expert

Some things should be automated, but some really shouldn’t.

We know an accurate credit analysis requires human discovery. Fully automated systems are unreliable and tend to leave money on the table.
We’ve built our proprietary software to help ease the burden of the tax credit filing process, not replace it. Designed to give clarity and visibility during your engagement with Strike, we streamline the discovery and data collection process, leaving the expert piece up to the experts, not a machine.
A screenshot of a computer screen with a schedule and a schedule on the screen.

Integrations

We offer seamless integrations with all major financial software platforms to make claiming the tax credits you're entitled to even smoother.
a black and green logo with the word commboor on it
the logo for gusto
a black background with a green and black pattern
a black background with a blue rectangle
a black and blue background with the words maxwell park
The word workday written in blue and orange.
A black background with a green letter.
A black and blue logo with the name namely.
The logo for the washington now.
The logo of a company with a black background.
a black and green logo with the word commboor on it
the logo for gusto
a black background with a green and black pattern
a black background with a blue rectangle
a black and blue background with the words maxwell park
The word workday written in blue and orange.
A black background with a green letter.
A black and blue logo with the name namely.
A blue circle with the word xero on it.
The logo for the business central.
A logo for a book store.
The quickbooks logo with the words quickbooks online.
A black background with green text and a black background with white text.
A close up of a blue toothbrush on a black background.
A black background with blue and green text.
The logo for clear books.
The quickbooks logo with the words quickbooks online.
A blue circle with the word xero on it.
The logo for the business central.
A logo for a book store.
The quickbooks logo with the words quickbooks online.
A black background with green text and a black background with white text.
A close up of a blue toothbrush on a black background.
A black background with blue and green text.
The logo for clear books.
The quickbooks logo with the words quickbooks online.
A red and orange logo on a black background.
A black background with a green leaf on it.
A black and white photo of the words rippling.
A black background with green text that says space.
The sequia logo with a green leaf.
A black and white photo of a clock tower.
The logo of the internet company internet.
A red and black logo for a company.
A black background with a blue and white logo.
A red and orange logo on a black background.
A black background with a green leaf on it.
A black and white photo of the words rippling.
A black background with green text that says space.
The sequia logo with a green leaf.
A black and white photo of a clock tower.
The logo of the internet company internet.
A red and black logo for a company.
A black background with a blue and white logo.

What’s new in business tax credits

Explore more of our latest thinking on business tax credits.

The Employee Retention Credit: Urgent Changes and What They Mean for Your Business

Jonathan Cardella
September 14, 2023

Can the R&D Tax Credit Offset the Section 174 Changes?

Jonathan Cardella
September 9, 2023

Net Operating Losses (NOLs) & the R&D Tax Credit

Casey Barka, MBA
August 9, 2023
View All Journal Entries