Get Rewarded For Your Innovation

The Research and Development (R&D) tax credit encourages U.S. businesses to conduct research that is new to the company.

What Is the R&D Tax Credit?

The R&D tax credit is a special tax incentive that rewards businesses for developing or improving products or processes, regardless of industry. This tax credit equates to a dollar-for-dollar reduction in federal tax liability, and it’s accepted in 38 states. Based on your R&D expenses, the credit offers an immediate source of cash to jump-start new research or provide cash liquidity for your business. With the ability to retroactively claim the R&D tax credit for up to 3 years (4 in some states), many companies are eligible to receive significant cash recoveries.

Do You Qualify for the R&D Tax Credit?

The IRS utilizes a 4-part test to identify eligible research. To qualify, your Research and Development activities must:

  1. Develop or Improve products, business processes, or techniques
  2. Undertake a process of experimentation or trial and error
  3. Attempt to solve a technical uncertainty
  4. Fundamentally rely on hard science principles

Think Your Research Doesn’t Qualify? Think Again!

THE R&D DISCOVERY RULE:
To qualify, your company does NOT need to make groundbreaking discoveries that advance your entire industry. Instead, research must only be new to your company.

Why Apply for the R&D Tax Credit?

  • Keep more of your profits
  • Reduce federal and state tax liability for past, current and future years
  • There is no limit to how many years into the future that the credit may be claimed
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How it Works

Our experts work closely with your team to maximize your credit potential every year.

Our team conducts a full analysis of your business and operations to identify research projects and determine what can be claimed toward the R&D credit.

Working alongside your CPA and accounting staff, we gather and review expense-related data to quantify your business’s eligible benefit.

We take a deep dive into the qualifications for each R&D effort, conducting interviews and gathering documentation to verify each expense.

Once the credit is calculated and substantiated, we work with your team to facilitate a seamless tax filing process, including the preparation of an executive report and audit-related support should your claim ever be reviewed.

We partner with clients to identify existing R&D tax credits and to recommend and implement procedural changes within your organization to help you maximize your benefit year after year.