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What is the R&D Tax Credit Program?

The R&D tax credit is a special tax incentive that rewards businesses for their efforts in developing or improving products and processes. This tax credit equates to a dollar-for-dollar reduction in the federal tax liability and is accepted in 38 states
Based on the company’s R&D expenses, the credit offers an immediate source of cash as liquidity for the business or to jump-start new research
Businesses can retroactively claim R&D tax credit for up to 3 years (4 years in some states)

Do You Qualify for the R&D Tax Credit?

The IRS uses a four-part test to assess eligible research. To qualify, your Research and Development activities must meet the following criteria.

Develop or improve products, business processes, or techniques
Undertake a process of experimentation or trial and error
Attempt to solve a technical uncertainty
Fundamentally rely on hard science principles

The R&D Discovery Rule

Qualification does not require your company to make groundbreaking discoveries that advance the entire industry. Rather, the research only needs to be new to your company.

How Does It Work?

Our experts collaborate with your team to optimize your annual credit potential.

Process Steps

Discovery

We thoroughly analyze your business and operations to identify research projects and assess their eligibility for claiming the R&D tax credit

Qualification

In collaboration with your CPA and accounting staff, we collect and examine expense-related data to quantify the eligible benefit for your business

Qualification Review

We extensively examine the qualifications for each R&D effort by conducting interviews and collecting documentation to verify the associated expenses

Substantiation and Support

After calculating and substantiating the credit, we collaborate with your team to streamline the tax filing process and prepare an executive report. Our service also includes providing audit-related support to back your claim in the event of an audit

Annual Benefits Maximization

We collaborate with you to identify existing R&D tax credits and propose and implement procedural changes within your organization to ensure maximum benefits year after year

UPDATE: IRS ERC FILING PAUSE

R&D Tax Credit Partner Program

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