What is the R&D Tax Credit?

How do I know if my projects qualify?

All expenses must undergo The 4-Part Test in order to determine whether the claim meets the qualifying criteria standard for approval.

The 4-Part Test is the most challenging and extensive part of any R&D Tax Filing. It is essential to have an experienced hand to ensure that your R&D Tax Credit return is properly filed to maximize the return R&D tax credits.
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Purpose

The research must impart new or improved functionality, performance, reliability, or quality to a product, process, formulation, invention, software, or technique.

Technological

The activity undertaken relies on the principles of “hard” sciences including physics, biology, engineering, chemistry, or computer science.

Experimentation

The activities constitute a process of experimentation with the intent to resolve the technical uncertainty through the systematic evaluation of alternate solutions.

Eliminating Uncertainty

From the outset of the project, the development team must encounter technical uncertainty regarding the optimal design, methodology, or capability to achieve project specifications.