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Research & Development Tax Credit

Your Innovation, Supercharged

The research and development (R&D) tax credit is crafted to energize businesses at the forefront of innovation. Whether you’re developing standout products, streamlining your operations, or breaking new ground with technological advancements, this tax credit is aimed at significantly reducing your tax burden and elevating your business to new levels of success.

The scope of qualifying activities spans across sectors, including:

  • Architecture
  • Engineering
  • Manufacturing & Fabrication
  • Foundries
  • Machining
  • Tool & Die Casting
  • And more

By applying a straightforward test, your projects can be assessed for technological innovation, problem-solving, and experimental development. If you’re pushing the envelope with innovation, you can secure the credit you deserve.

The Opportunity You Might Be Missing

Too many businesses leave this valuable incentive on the table, under the misconception that R&D Tax Credits are reserved for those with sprawling laboratories or groundbreaking patents. The reality is far more inclusive. Whether you’re refining an existing product, developing a new process, or simply experimenting with new materials or software, your efforts could qualify. This credit is about recognizing and rewarding the innovation that happens every day, not just the once-in-a-decade breakthroughs.

UNLOCK YOUR POTENTIAL FOR INCREASED TAX SAVINGS.

Experience. The Difference.

Maximize Your Benefit, Minimize Your Tax

Nationally, companies claim approximately $9 billion in R&D tax credits, with most businesses recouping 13 cents for every dollar spent on eligible R&D activities. The advantage is even greater for Qualified Small Businesses, which may offset up to $500,000 in quarterly payroll taxes. Numerous states offer their own R&D credits, extending the potential for savings beyond federal benefits.

The scope of what qualifies for the R&D Tax Credit might surprise you. It covers a wide array of expenses related to your R&D efforts, including:

  • Wages for staff directly involved in R&D activities
  • Costs of raw materials and supplies used in R&D
  • Expenses related to subcontractors or third parties participating in R&D efforts
  • Computer and software expenses directly attributable to R&D activities

R&D expenses must be amortized over at least five years, making strategic planning essential. This change emphasizes the importance of expert guidance to not only claim the credit but to do so in a way that maximizes its impact on your business’s bottom line.

Gaining a Strategic Advantage

With our year-round research and development tax services, we work closely with you throughout the year, not just at tax time. We prioritize open communication throughout our four-step framework, ensuring you are fully informed and engaged at every stage. This approach simplifies the complex world of research and development tax into a clear path forward.

How Can We Help?

Ready to Transform Your R&D Spending into Savings?

We specialize in unlocking the full potential of the R&D Tax Credit for businesses like yours. Our expertise goes beyond simply identifying qualifying activities. We dive deep into your operations, uncovering opportunities to enhance tax savings and propel your business forward. With our guidance, you can transform your R&D spending into a strategic advantage, optimizing your tax efficiency and fueling growth.

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Featured Team Members

Mark Heath

Mark Heath

Partner
Michael Bonventure

Michael Bonventure

Managing Director

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