Thinking of claiming the R&D Tax Credit?

The research and development tax credits are a tax incentive for performing qualified research in the United States, resulting in a credit to a tax return.

All industries and most types of businesses can qualify for the R&D tax credit if they can satisfy the 4-Part Test.

IRS 4-PART TEST

  1. Is the work technological in nature?
  2. Is there a permitted purpose?
  3. Is there elimination of uncertainty?
  4. Is there a process of experimentation?

How much can I receive?

FEDERAL R&D TAX CREDIT

For the first three years of R&D claims, 6% of the total qualified research expenses (QRE) form the gross credit. In the 4th year of claims and beyond, a base amount is calculated, and an adjusted expense line is multiplied times 14%.

TEXAS R&D TAX CREDIT

In order to achieve a benefit from R&D in Texas, the taxpayer must elect the tax to which the R&D credit will be applied: Either the Texas franchise tax (up to a 50% cap) or exemption from the sales and use tax.

Use our online R&D calculator to find out how much you could receive.

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Self-claiming the R&D tax credit can be time consuming and risky. A standard claim can usually be professional complied with only 2-3 hours of staff time.

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If you don’t receive a benefit, you don’t pay. You will never be out of pocket.

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