The R&D credit is now available for businesses of all sizes, including startups.
The opportunity has never been greater!
A software startup in Los Angeles raised two million dollars in seed funding. They’ve hired
engineers but have no revenue.
$300,000 Credit
Can capture Federal and California credits. You can use the credit against your liability the quarter after you file.
A manufacturing business in New York is generating revenue and growing year over year.
$400,000 Credit
Federal and New York state credits. You can use the credit against your liability the quarter after you file.
A Florida engineering company has had substantial growth the past five years leading to big profits.
$1,300,900 Credit
Federal and Florida state credits. You can use the credit against your liability the quarter after you file.
R&D Tax Credits result in an immediate benefit to a company by reducing, current and future years’ federal tax liability—creating a ready source of cash. The credit provides a dollar-for-dollar offset against taxes owed or paid, which differs from a deduction.
Companies in the US currently claim over 15 billion
dollars in R&D credits yearly, but most still go to Fortune 500 corporations. In 2016 changes to the tax code
created access for pre-revenue startups, small, and medium size companies to claim significant credits.
Software
As software companies are raising seed, Series A, Series B and spending money on employees without revenue, we can capture credits against payroll tax.
Manufacturing
All the wages and supply costs spent on testing new products before implementation can all be captured.
Consumer and Retail
There is more that qualifies here than one might initially assume, let us walk you through the benefits.
Energy
Energy innovation is at the heart of the R&D credit, a lot of the development dollars spent can be reinvested.
Technology
If technology is at the core of your industry there is most likely credits waiting for you.
Engineering and Construction
Innovation is at the heart of the Engineering and Construction industry, and companies that invest in research and development (R&D) activities are entitled to claim R&D tax credits.
We maximize the value of the credits while reducing the time to obtain them. Our focus is to minimize the time it takes to complete the process ensuring the maximum ROI for your time, which begins with our FREE assessment.
Kick Off Call
We conduct an initial 30 min Kick Off Call with our clients to deep dive into the business and highlight areas where there is significant value.
Value Assessment
After we begin our analysis we will jump on a call to walk through the estimtaed value and determine best method to move forward.
Final Numbers Delivery & Planning
Once we conclude our analysis we will provide the final numbers and an executive summary highlighting our approach. Once the numbers are finalized we will discuss next year and help you determine the best methods to maximize the value of the credits.