Research & Development Tax Credit
Research & Development Tax Credit
Any company, in any industry, that has devoted resources toward developing new products, processes or software – whether successfully or not – is eligible for a R&D Tax Credit.
Every year, companies claim billions of dollars in R&D tax credits, directly offsetting their tax liability. And every year, billions of dollars in credits go unclaimed because many companies don’t realize they are eligible.
Qualified Research Activity
Activities and costs related with developing or improving a product and/or process often qualify for R&D tax credits. Furthermore, engineering, design, testing, and programming are now included as Qualified Research Activities. Industries that most commonly qualify are:
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Fabrication
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Manufacturing
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Engineering
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Software Developers
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Chemical
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Tool & Die
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Machine Shops
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Plastics Manufacturers
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Pharmaceutical
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Biotechnology
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Food Sciences/Manufacturers
We utilize a team of highly qualified professionals including IP attorneys with engineering backgrounds and adheres to the Comprehensive Project by Project Approach methodology as required by the IRS. By following this methodology, we qualify every applicable employee, activity, hour spent and corresponding wage paid in order to maximize the incentive for our client. We strictly adhere to the applicable sections of the code and provide first-in-class documentation to substantiate our findings.