Your Guide To Preparing For Your R&D Tax Credit

What Is an R&D Tax Credit?

The research and development tax credit delivers substantial savings to companies that solve problems with innovation. The R&D tax credit, designed to reward organizations that prioritize development, experimentation, and process/product improvement, allows businesses to claim expenditures related to their research and development activities.

How Can I Prepare?

Countless companies miss out on this dollar-for-dollar tax benefit each year. For many organizations, it’s not because they don’t qualify — but simply because they don’t know the program exists or how to best prepare. Preparing an innovation tax credit study will assist in determining if you qualify for the credit, and by organizing your documentation, you can generate a higher ROI. In our Preparing For Your R&D Tax Credit Guide, you'll learn about four key steps to follow to best prepare for your tax credit study.

Don’t Leave Money on the Table

To avoid missing out on earned capital, Acena Consulting always recommends performing an R&D tax credit study to document your development activities and maximize your potential R&D tax credit. If you're ready to start finding potential tax savings, reach out to one of our experts today.