R&D Tax Credit

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The federal research and development (R&D) tax credit results in a dollar for dollar reduction in a company’s tax liability for certain domestic expenses. Qualifying expenditures generally include the design, development or improvement of products, processes, techniques, formulas or software. Further details on the R&D tax credit are outlined under Section 41 of the Internal Revenue Code. 

R&D tax credits are available to all organizations that engage in certain activities to make new or improved products or processes, face technological challenges, use hard science, like engineering, biological, or computer science, Test multiple variables to resolve challenges.

We specializes in tax credits like the R&D tax credit. As part of every engagement, we analyze your eligibility for R&D tax credit. We accumulate accounting records necessary to qualify the qualified R&D activities. Prepare a calculation of the R&D tax credit in accordance with the requirements of the IRC section 41. Collect available documentation from relevant technical personnel on qualified project activities to substantiate the credits claimed.