R&D Tax Credits

Think your business doesn’t qualify for R&D tax credits? Think again.

Get rewarded for innovation.

Many businesses perform activities that qualify for research and development (R&D) tax credits without realizing it.

Companies that design, develop, or improve products, processes, techniques, formulas, inventions or software may be eligible for federal and state R&D tax credits. In fact, if your company has simply invested time, money and resources toward the advancement and improvement of its products and processes, your activities may qualify.

Some examples of industries that often qualify for the R&D tax credit include, but are not limited to:

  • Manufacturing
  • Information Technology
  • Engineering
  • Architecture
  • Telecommunications
  • Aerospace
  • Software Development
  • Tool & Die
  • Energy
  • Pharmaceutical

The results of an R&D study can help your bottom line with:

  • Substantial tax deductions
  • Increased cash flow
  • Evidence to potential buyers or investors that you have an attractive and valuable technology

Private businesses in particular should note the added value that the R&D tax credit can offer during mergers and acquisitions. The credits can be claimed in one year and taken in another, making it possible to transfer them to a buyer. They also offer validation of a company’s ability to innovate. Some companies claim the R&D credit annually for the specific purpose of enticing an M&A opportunity.

If your company develops software for use in your business, you should be aware of regulations issued by the Treasury Department.

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