Most startups will qualify for the R&D tax credit, but here are some of the essential attributes candidates should have.
The credit is utilized by offsetting income tax. If you are an established business with no tax liability you may carry the credits forward to future tax years.
Some of the key industries that will qualify are listed below; however, this is not an all-inclusive list.
Provide some basic information about your company through a brief meeting. We will be able to give you an estimate of benefit and identify any red flags which may affect your credit.
We will work to identify your qualifying activities and projects. Then we quantify the qualifying costs surrounding those projects and calculate the credit.
We provide you and your CPA firm with calculations, draft forms and guidance to maximize the benefit.
Audit support is included in our fee. If other unique needs arise, we are here to help.
