FAQ

The R&D tax credit is a powerful financial incentive that allows innovative companies like yours to reinvest significant amounts of cash back into operations and growth initiatives by claiming a tax credit for qualified research and development activities.

A wide range of your company's product development, process improvement, software development, and other technical activities likely qualify, including efforts to develop new or improved products, processes, techniques, formulas, inventions, or software. Our experts can evaluate your specific initiatives to maximize the qualified expenditures.

Companies across various industries that invest in developing new or improved products, processes, and technologies can potentially qualify. With your company's focus on innovation and over $50 million in annual revenue, you are an ideal candidate for substantial R&D credits.

The credit is calculated as a percentage of your qualified research expenditures, including wages, supplies, and contractor costs. Our specialists will work closely with your team to ensure the optimal calculation method is used based on your specific situation and R&D investments.

Generally, you can claim credits retroactively for up to three years from the original tax return filing date. Our team will analyze your situation to maximize the available credits within the allowable time frame.

After our experts thoroughly evaluate your R&D activities and expenditures, we will prepare and file the necessary forms (including Form 6765) with your federal and state tax returns. We manage the entire process, ensuring full compliance and maximum credits.

Detailed documentation of your research activities, project plans, design materials, employee time tracking, and expenditures is critical. Our team will guide you through the process and ensure proper documentation is in place to substantiate your claims.

Absolutely. Our specialists will review your past activities to identify and claim any eligible credits you may have missed in prior years, often resulting in significant cash refunds for growth-focused companies like yours.

While our primary focus is on established, innovative companies like yours with over $50 million in revenue, we can certainly assist startups as well. There are specific provisions that allow startups to benefit from the R&D credit.

Definitely. A significant portion of your software development activities related to new or improved products, systems, algorithms, and code will likely qualify for substantial R&D credits.

Yes, the portion of your product development costs allocated to qualifying research designed to overcome technical uncertainties and advance your offerings is eligible for the R&D credit.

Our tax experts will ensure the R&D credit is properly coordinated and maximized in conjunction with any other tax incentives or credits your company may be claiming.

There are no predefined dollar limits. The credit amount is driven by your qualified research expenditures and tax liability. Companies making significant R&D investments, like yours, can receive substantial credits.

Unused R&D credits can generally be carried forward for up to 20 years to offset future taxes. In some cases, you may also be eligible for carrybacks to claim refunds for prior years - a potential source of immediate cash flow.

Our experienced team ensures you avoid common pitfalls like missing qualified expenditures, inadequate documentation, using suboptimal calculation methods, or failing to claim state credits - maximizing your benefits.

Our industry-specific knowledge allows us to effectively identify and capture the full scope of your qualifying R&D activities based on your company's nuances and technical challenges.

We stay up-to-date on all federal and state legislative changes impacting the R&D credit to ensure you receive the maximum benefits as new provisions are introduced.

In addition to the federal R&D credit, many states offer their own incentives. Our multi-jurisdictional expertise ensures you receive both federal and state credits based on your operational footprint.

If your company operates as a partnership or S-corporation, there are specific provisions governing how the R&D credit flows through to the owners/shareholders - an area our team is well-versed in.

For certain eligible companies, a portion of the R&D credit can be used to offset the employer's share of payroll taxes - a potential cash flow benefit our specialists can analyze for your situation.