Federal R&D Tax Credits
Engine for Growth.
Research and Development (R&D) Credits are the engine that drives U.S. innovation. In fact, the impact is so great that the Milliken Institute projects that the impending R&D tax credit renewal, coupled with just a 25% increase, could boost real GDP by $206 billion and raise total employment by over 500,000 within a decade.
R&D Credits Are as Viable for Your Company as They Are for IBM
R&D is often considered the domain of very large companies, but small businesses have far more to gain than large ones, as the value of credits as a percentage of assets can approach 10%.
Some criteria affecting R&D tax credits are:
- “Permitted Purpose” – where R&D activity must focus on developing new or improved business component with new or improved functionality, performance, reliability, or quality. A business component can consist of any product, process, formula, invention, technique, or software central to the taxpayer’s business.
- “Uncertainty” – circumstances where uncertainty is encountered at the outset of the project.This includes uncertainty of capability, methodology, or final design.
- “Process of Experimentation” – these are cases where the business undertakes a process to resolve the uncertainties encountered. This can be a formal empirical process, or an iterative testing and revision such as that employed in software development.
- “Technological in Nature” – these are circumstances where a process of experimentation must be based in the principles of physics, chemistry, biology, engineering, or computer science.
Clients Use Their R&D Credits With Confidence
Tax Credit Co. has successfully handled claims from as little as $100,000 to far in excess of $20,000,000.
Our specialized, team approach has averaged 30-40% more gains in Federal and State R&D credits. Also, R&D claims can be carried forward 20 years!
At Tax Credit Co. you’ll find a team of experienced specialists working together to maximize credits that you can put to work to make your company more competitive. No matter what your business or business size, every R&D Tax Incentive project receives:
- Field analysts with extensive R&D experience
- R&D-experienced statistical specialists
- Tax counsel who helps to determine the best way to capture maximum benefit
- Specialists who compile and verify an “audit-ready” documentation package
Most importantly, as a specialist provider you will find Tax Credit Co to be more flexible with fee structures, better aligning them with the interests of your company. Measure your possibilities.
