The Research and Development Tax Credit provides cash incentives for companies of all sizes that conduct R&D in the U.S. It is a dollar-for-dollar federal credit against taxes owed or paid. Any company that designs, develops, or improves products, processes, techniques, formulas, inventions, or software may be eligible.
An R&D study generally is performed to determine and document a company’s qualifying activities. From this information the credit(s) can be calculated.
We typically begin with a feasibility analysis to determine if the R&D credit will benefit the company. If you believe your company may have these activities, we would like to learn more about your business and how we can help your business benefit from this valuable government incentive.