<img height="1" width="1" src="https://www.facebook.com/tr?id=318189591877166&amp;ev=PageView &amp;noscript=1">

Acena makes estimating your R&D tax credit easy

Acena's Free R&D Tax Calculator

Stop Leaving Money You’ve Earned on the Table

Current legislation allows businesses in over 40 industries to leverage the benefits of the R&D tax credit. 

Still, every year countless organizations miss out on this invaluable opportunity to drive revenue to the bottom line simply because they don’t know they qualify for the credit. 

Are you one of them? You may be missing out on an earned R&D tax credit if your business meets the requirements of a standardized four-part test that: 

  1. Eliminates technical uncertainty

  2. Includes process of experimentation

  3. Is technological in nature (engineering sciences, physical sciences, computer sciences, biological sciences)

  4. Serves a qualified purpose (product, process, technique, formula, invention, software)

Recent Updates to the R&D Tax Credit 

In August 2022, The Inflation Reduction Act of 2022 legislation was passed, doubling the possible R&D tax credit total from $250,000 to half a million dollars.

New legislation also requires additional documentation when claiming research and development tax credits. Taxpayers must, at a minimum: 

  • Identify all business components related to the R&D tax credit claim

  • For each business component, taxpayers must identify all:

    • Research activities performed

    • Individuals who performed each research activity

    • Information each individual sought to discover

  • Provide the total qualified research expenses being claimed, which may be done using Form 6765, Credit for Increasing Research Activities

Acena makes estimating your R&D tax credit as easy as 1, 2, 3:

  1. Access Acena’s free research and development tax calculator

  2. Plug in your numbers

  3. Generate your R&D tax credit estimate

The research and development tax credit is a powerful tool that helps businesses across multiple industries

  • Significantly reduce tax burden

  • Drive cash flow

  • Grow business operations

Conduct a Thorough and Accurate R&D Tax Credit Assessment 

Don't wait — you may have several credits waiting to be claimed. Acena Consulting helps business owners and their CPA firms establish program qualifications for maximum deduction benefits.