Research and Development Credit Study

One of our key specialties is our Research and Development credit (R&D Credit) study work.

An often overlooked and misunderstood component of the tax code, the R&D credit was established in 1981 and since has a crucial provision in the US tax code. The R&D credit has the potential to be very lucrative for businesses of all sizes and income levels. The R&D Credit exists as an incentive to propel American innovation and enterprise.

The credit can create a dollar for dollar effect on income taxes. However, this does not mean the credit is limited to only companies currently paying income tax. In the first five years of a business’s operation, they are eligible to apply the credit towards up to 250,000 in payroll taxes, freeing up start-up type of businesses crucial capital!

Many states also offer a credit as well, so a thorough R&D Credit study can create significant tax savings.

If you engage in work that has some element of science, you may qualify — even if you do not think you necessarily do, it is worth checking in with us to gauge eligibility. When you hear “Research and Development” your mind may envision a scientist in a laboratory. We have experience doing the credit for industries outside this box including contracting businesses, manufacturing, breweries, among others.

This credit work is not offered by all firms, entrust your potential credit in our years of experience in this niche!