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
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.
WE’LL DO ALL THE HARD WORK FOR YOU
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.
OUR OFFER IS RISK FREE
If you don’t receive a benefit, you don’t pay. You will never be out of pocket.