Federal Tax Credits & Incentives

Research & Development Tax Credit

Research & Development Tax Credit

The U.S. government created the Research & Development Tax Credit (“R&D Tax Credit”) in 1981 to incentivize American innovation. Businesses of all sizes can claim the credit and there are no industry requirements. Schedule a consultation to learn if your business is eligible for this credit.

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The Research & Development (R&D) tax credit can reward your company for innovative pursuits like product development, process improvement, and technology advancement. The four-part test below determines qualification and eligibility for the credit.

  • Qualified Purpose

    • The activities aim to provide advancements in products, processes, software, or functionality.

  • Technological in Nature

    • The process of experimentation must rely on hard sciences, such as engineering, biology, physics, or computer science.

  • Elimination of Uncertainty

    • The organization faces technological uncertainty when designing or developing the business component.

  • Process of Experimentation

    • The company demonstrates the presence of a systematic process to evaluate alternative solution.

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Claiming the R&D tax credit can bring substantial benefits to your organization.

Claiming the R&D tax credit can bring substantial benefits to your organization.

Increasing cash flow and profitability

Reducing federal and state tax liability

Generating incremental funds to offset investments in R&D

Ready to Find Out if Your Company Qualifies for the Research & Development Tax Credit?

Ready to Find Out if Your Company Qualifies for the Research & Development Tax Credit?

Book a complimentary consultation with our team of experts for more information. During the session, we will explore your eligibility and assist in estimating your potential tax benefits.

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