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FIND OUT HOW R&D TAX CREDITS CAN HELP YOUR BUSINESS

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Our team specializes in R&D Tax Credits and utilizes these benefits to keep your company thriving.

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Zero Upfront Cost

Claim your R&D Tax Credits for free. We only get paid when you get paid.

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So what is a qualified
small business, anyway?

A QSB, as defined by the IRS is a...
  • Business with less than $5 million in gross receipts;
  • Business with five or fewer years of gross receipts; and
  • One that has qualifying research expenses (QREs).

Check out how this company claimed their R&D Tax Credits to offset their Federal Payroll Tax.

As an example of how you can use the Federal R&D Tax Credit to offset your payroll, let's check out this case study from a trusted software + hardware firm based in California.

Company Overview

INDUSTRY
Software + Hardware
1st Year of Revenues
2017
2020 Revenues
$1.7M
EMPLOYEES
15
TOTAL PAYROLL
$1M
PAYROLL TAX LIABILITY
$62,000
How We Get There
$1.2 Million in Annual QRE’s*
11 qualified employees
*QRE – Qualified Research Expenses
MULTIPLY 10% FEDERAL R&D CREDIT RATE
$120,000 Federal R&D
Tax Credits
NOW WE KNOW HOW MUCH PAYROLL TAX WE CAN OFFSET.
$1 Million Total Payroll
15 total employees
MULTIPLY 6.2% OF TOTAL PAYROLL
$62,000
employer payroll tax liability per year
DIVIDE BY FOUR QUARTERS
$15,500 Payroll Tax Credit Offset
PER QUARTER
SO WHAT DOES THIS MEAN FOR YOU?
No Payroll Tax for
23 Months!

The Bottom Line

When this software / hardware firm reached out to Strike, they were not sure they would even qualify for the R&D Tax Credit, simply because they did not believe their employees and contractors were performing "Research".

After conducting our qualification research, we found that 11 out of their 15 employees performed activities related to the research of their software and hardware products.

This company can now offset its employer portion of Social Security Tax owed to the IRS, on Form 941, for the next 23 months!

Ready to offset your payroll with R&D Tax Credits? Let’s find a time to connect.

Schedule a Time to Talk

See how much money you can get backfrom the IRS in R&D Tax Credits.

Add your expenses, states where you house employees, and industry of focus to see what you could get back.

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Note: The Tax Credit Calculator is indicative only and for information purposes. It should not be used as a basis for calculations submitted in your tax returns. Contact Strike to know exactly how much you stand to earn from your qualified research expenses.
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