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Eliminate Your
Payroll Taxes

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

Talk to an Expert
See if you qualify.

Our team specializes in R&D tax credits and how to utilize 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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Unlimited Audit Support

IRS giving you problems? We’ll protect you at NO COST in case of an audit.

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Money back Guarantee

Credits clawed back? Strike will refund any difference in our fees.

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
  • 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

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INDUSTRY
Software + Hardware
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1st Year of Revenues
2017
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2020 Revenues
$1.7M
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EMPLOYEES
15
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TOTAL PAYROLL
$1M
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PAYROLL TAX LIABILITY
$62,000
How We Get There
$1.2 Million in Annual QREs*
11 qualified employees
*QRE – Qualified Research Expense
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
$15,500 Payroll Tax Credit Offset
PER QUARTER
SO WHAT DOES THIS MEAN FOR THEM?
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 concluding our qualification process, we found that 11 of their 15 employees performed activities related to the research of their software and hardware products.

This company can now offset the 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.

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

Add your expenses, the states where your employees reside, 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.