State/Multi-State R&D Tax Credits
A Valuable Boost to
the Bottom Line.
Most governments offer research and development incentives for the creation and improvement of new products, processes and software initiated in their state.
This credit is significant, especially when added on top of federal R&D credits, averaging between 1% and 7% of qualified expenditures, adding significant cash savings to business operations. Credits can also be carried forward 20 years (backwards one year)
Mining Incentives is Complex
No matter how big or small your company, Tax Credit Co. specialists can best help navigate the state-specific R&D credit requirements including qualification criteria which generally, but not always, follows federal interpretation of “qualified costs”, such as:
- “Permitted Purpose” – where R&D activity focuses on developing new or improved business components, with improved functionality, performance, reliability, or quality.
- “Uncertainty” – where uncertainty of capability, methodology, or final design is encountered at the outset of the project.
- “Processes of Experimentation” – including empirical processes, iterative testing and revision such as those employed in software development.
- “Technological in Nature” – with experimentation based on the principles of physics, chemistry, biology, engineering, or computer science.
The Specialization Advantage
Our specialized, team approach has averaged 30-40% more gains in Federal and State R&D credits.
Every single study receives a team of R&D-experienced field analysts, statistical specialists, R&D-experienced tax counsel, and quality control specialists who dig deep into client processes, then meticulously prepare documentation that will stand up to the most esoteric state requirements for qualification.
Clients Use State R&D Credits With Confidence
With unwavering quality control you are assured that value realized is the value utilized. Over the past 15 years documentation is so right, so precise, that its acceptance rates hover near 99% in state and federal audits. GET INVOLVED TODAY
