Maximize savings for federal
and states R&D tax credits
Fuel your company’s growth and innovation with the R&D tax credit. Discover and capitalize on significant tax reductions, available to businesses of all sizes and sectors, not just technology companies or large corporations.
What is research & Development (r&d) tax credit?
The R&D Tax Credit (26 U.S. Code ยง41) is a federal benefit that provides companies dollar-for-dollar cash savings for performing activities related to the development, design, or improvement of products, processes, formulas, or software. Companies from almost all industries can qualify for this government-sponsored tax benefit just by performing their day-to-day activities. The credit can be claimed at the federal and state levels, with 40 available state credits. This works for businesses of all sizes, not just major corporations with research labs.
What are the Potential Benefits of the R&D Tax Credit?
Dollar-for-dollar reduction in your federal and state income tax liability
Increase in earnings-per-share
Reduction in your effective tax rate and increase in cash flow
Carry forward the credit up to 20 years
Ability to claim credits from prior years
Utilize the federal R&D tax credit against payroll tax (applicable to certain startup companies)
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