Capture Tax Credits for Research and Development

Various incentives and tax credits are available to businesses for conducting activities related to product and process improvements, new developments, research, and more. 

Research and Development Tax Credit

The Research and Development (R&D) Tax Credit was signed into law by Congress as part of the Economic Recovery Tax Act of 1981. 
The tax credit is a dollar-for-dollar credit against federal and state
taxable liability for companies in the United States performing R&D
activities.*

*Source: Tax Foundation
R&D Tax Credit
Startup R&D Tax Credit
$1 for $1 Reduction
On federal and/or state tax liabilities
On payroll (FICA and Medicare) taxes
Carry Forward
Up to 20 years
Indefinitely
Savings
Immediate tax savings (current year) and/or cash back (prior years)
Up to $500,000 in savings each year 
Qualifications
  • Development of new or improved business component for a permitted purpose
  • Technical uncertainty at the outset of the project
  • Undergone process of experimentation through systematic trial and error
  • Must be technological in nature
R&D Tax Credit qualifications
Plus:
  • Current tax year gross sales less than $5 million
  • No gross sales five years prior to current year
R&D Tax Credit
$1 for $1 Reduction
On federal and/or state tax liabilities
Carry Forward
Up to 20 years
Savings
Immediate tax savings (current year) and/or cash back (prior years)
Qualifications
  • Development of new or improved business component for a permitted purpose
  • Technical uncertainty at the outset of the project
  • Undergone process of experimentation through systematic trial and error
  • Must be technological in nature
Startup R&D Tax Credit
$1 for $1 Reduction
On payroll (FICA and Medicare) taxes
Carry Forward
Indefinitely
Savings
Up to $500,000 in savings each year 
Qualifications
R&D Tax Credit qualifications
Plus:
  • Current tax year gross sales less than $5 million
  • No gross sales five years prior to current year

The Equifax R&D Tax Credit Service

We work in collaboration with your organization and your CPA firm to help you better maximize your R&D Tax Credit within IRS rules and regulations. 
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Industry Experts

Our staff specializes in this niche part of the tax code and has decades of experience with IRS procedures and expectations.
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Project Identification

We will first help identify the new or improved product, process, software, patent, technique, invention, or formula for qualified projects.
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Credit Calculations

There is more than one method to calculate the credit - we will explore the available options.
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R&D Tax Credit Study

We will deliver the final tax credit form and supporting documentation for your CPA to review and include in the company’s annual tax return.
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Audit Assistance Included

We stand behind our work and will support our findings in the event of an audit.

Common Industries Eligible for the R&D Tax Credit include:

Biotechnology

Breweries

Chemical

Engineering

Fabrication

Food Sciences

Life Sciences

Manufacturing

Pharmaceutical

Software Developers

See If You Might Qualify

Contact us for an analysis to find out whether your company might qualify for the R&D Tax Credit or the Startup R&D Tax Credit. 

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