Are You Eligible

STEP 1 OF 2

  • Welcome to our step-by-step wizard to help you check your eligibility for the R&D Tax Credit.

    The Federal R&D Tax Credit laws apply to eligible R&D activities. Depending on your date of incorporation, initiation of qualified research and ability to collect contemporaneous documentation, you could be eligible for either a:

    • Traditional Credit - for companies that incorporated prior to 1 January 1984 and had 3 or more tax years with qualified research expenditures and revenue between 1 January 1984 and 31 December 1988; or
    • Start-Up Credit - for companies that incorporated after 31 December 1983 or had fewer than 3 years with qualified research expenditures and revenue between 1 January 1984 and 31 December 1988.
    • Alternative Simplified Credit - for companies that cannot adequately substantiate qualified research expenditures for Traditional or Start-Up credit calculation methods.

     To be eligible for R&D activities, your qualified research must meet the Four-Part-Test.

    Note: This Wizard is intended as a quick guide and should not be used as a substitute for professional advice. Please contact Swanson Reed for professional advice tailored to your requirements.
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