Does Your Business Quality for the R&D Tax Credit?
Many company leaders don't realize their operations qualify for the research and development tax credit. Launched in 1981, the R&D tax credit rewards businesses that discover, design, and further develop both new and existing technologies. The innovation tax credit offers business owners an opportunity to:
- Earn up to 13.5 cents of federal and state R&D tax credits for every qualified dollar
- Claim a dollar-for-dollar reduction in both federal and state income tax liability
- Lower effective tax rate
- Increase in earnings per share
- Drive cash flow
The research and development tax credit also offers a carry forward credit of up to 20 years. Businesses can also perform look-back studies to identify unclaimed credits for open tax years.
Get Back to Business
Acena manages the entire R&D tax process for business owners
We take a deep dive into your operations to identify qualifying innovation tax credit activities and maximize the benefit.
First, Acena consulting will help you establish your R&D status — then we'll create a personalized analysis approach to help you maintain it.
Our documentation services support your claims, minimize risk, and protect your business in the event of an audit.