Qualifying clients average $250k in R&D Tax Credits from the IRS for their investments in innovation.
Recover upwards of 10% of your R&D spend from the IRS. Qualified small businesses can offset payroll taxes up to $250,000 per year.
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.
The research must impart new or improved functionality, performance, reliability, or quality to a product, process, formulation, invention, software, or technique.
The activity undertaken relies on the principles of “hard” sciences including physics, biology, engineering, chemistry, or computer science.
The activities constitute a process of experimentation with the intent to resolve the technical uncertainty through the systematic evaluation of alternate solutions.
From the outset of the project, the development team must encounter technical uncertainty regarding the optimal design, methodology, or capability to achieve project specifications.
Here’s a look at the types of expenses your company can claim for R&D Tax Credits.
US Employee Salaries
Supplies Consumed in R&D
Offsite Server Rental & Cloud Computing
We’ll work with you to surface all the appropriate documentation to provide a comprehensive report of your qualified R&D tax credits.
Tax Returns &
Employee Payroll & Expense Reports
These elements will help us to develop a list of expenses related to the development of...