R&D Tax Credit Benifits
The R&D tax credit is a permanent U.S. federal and state tax credit
used to encourage U.S. businesses to keep highly technical jobs
within the U.S. and promote further innovation. The R&D tax
credit provides a tax savings opportunity for businesses of any size
to offset income tax liabilities and quarterly payroll tax, if eligible.
R&D Tax Credit Benefits
-
Payroll Tax Credit Offset
-
Available For Startups
-
Flow-Though to Shareholders
-
Recover Cash
-
Amend Tax Return
- Generate Tax Refunds
- Improve Bottom Line
- Opportunity to Reinvest
- Reduce Year-End Liabilities
The advances and innovations within software and emerging
technologies are revolutionary. The expenditures and activities
associated in each industry are highly technical, and considered to
be "R&D", per the IRS. The research credit allows businesses to
create positive cashflows and generate cash refunds to reinvest
into future initiatives.
Qualifying Industries
• Software
• Technology
• Blockchain
• Engineering
• Architecture
• Manufacturing
• Food & Beverage
• Agriculture
• Hemp / CBD
• Life Sciences (BioTech)
Qualifying Expenses
- Wages
- Supplies
- Cloud Computing
- Contract Research
Qualifying Job Titles
- C-Suite & Executives
- Project Manager
- Civil Engineer
- Architect
- Designer / Drafter
- Biologist
- Chemist
- Data Scientist
- PhD
- Software Engineer
- Contractor / Consultant
- Mechanical Engineer