The R&D tax credit was created by the U.S. government to give funds back to companies that
spend money on technology-based innovation. The Tax Credit pays you back for work you have
already done and is one of the largest annual tax credits available to U.S. companies.
Some of the Benefits
Simply put, the R&D tax credit creates money that goes back into your company’s pocket to fuel further innovation and growth.
The R&D tax credit can be used to offset:
- Income taxes if you are in a taxable position.
- Alternative Minimum Tax (AMT) if you have less than $50 million in average revenue and you owe AMT in the current year.
- Employer portion of social security taxes up to $250,000 each fiscal year if you are a qualified small businesses.
Startups can claim $250K per year
Startups have a unique advantage when it comes to the R&D tax credit. Young companies with less than $5 million in gross receipts can use the R&D tax credit to offset payroll taxes up to $250,000 per year
Our teams vast experience, state of the art platform and time-proven methodology enable
us to identify R & D Tax Credit qualified expenses with greater ease, helping our clients get the
maximum credit they rightfully deserve.
We uphold the highest standards of care and quality and strive to provide the best R & D
Tax Credit service to our clients. Our experts identify every applicable employee, activity,
hours spent, and the corresponding wage paid to maximize our client's incentive.
Let’s Connect and discuss the possibilities.