R&D Credit Case Study

Strike delivers $245k to a Blockchain firm

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Overview

A software firm discovered $245K in R&D tax credits. Since its establishment in 2018, they have developed fast and secure blockchain ecosystems tailored to its clients’ business needs. Their time developing these products qualified for the huge tax benefits.
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Total R&D Credits Received:
$245,000
Inquire yearly details
Federal Credits Received:
$109,000
State Credits Received:
N/A
$136;000

Company Profile

Years in Business
3
State of Operation
AZ
Avg. Annual Revenue
$
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Tax Year
2018-2020
Avg. Employee Count
6
Industry
Software

Qualifying Activities

Developing Proprietary Tech
Integration With Artificial Intelligence
Quality Assurance
Programming Source Code

Qualification Outcome

85%
N/A
of wages paid or incurred was qualified
80%
N/A
of expenses paid or incurred was qualified
4
average number of qualified employee

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