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:
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Eliminates technical uncertainty
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Includes process of experimentation
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Is technological in nature (engineering sciences, physical sciences, computer sciences, biological sciences)
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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:
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Identify all business components related to the R&D tax credit claim
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For each business component, taxpayers must identify all:
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Research activities performed
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Individuals who performed each research activity
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Information each individual sought to discover
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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:
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Access Acena’s free research and development tax calculator
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Plug in your numbers
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Generate your R&D tax credit estimate
The research and development tax credit is a powerful tool that helps businesses across multiple industries:
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Significantly reduce tax burden
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Drive cash flow
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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.
Working with the staff of Acena Consulting made the process way less painful, and very beneficial in the end. Their patience and knowledge of the R&D process was well worth the time that my staff put into the research. In the end, we were extremely surprised to get back a whole lot of taxes that we already paid.
Technology Company, Hawaii
Acena Consulting’s approach and technical knowledge of the tax code at both a state and federal level have been outstanding both during our annual R&D tax credit analysis and last year’s IRS audit. Acena gave us the data tools we needed to develop processes to make our collection and accounting for R&D expenses more thorough and robust.
Software and Systems Development Co, Los Angeles, CA
