Are you maximizing your R&D tax credits and driving innovation within your organization?
Welcome to Engineered Tax Services, your dedicated partner in identifying and optimizing Research and development (R&D) tax credits to fuel your business growth and innovation.
We specialize in helping businesses across diverse industries leverage R&D tax credits, ensuring compliance and maximum savings.”
What is the R&D tax credit?
Research and development (R&D) tax credits are federal and state tax incentives meant to stimulate innovation, technical design, and product development and enhancement; they keep the U.S. on the forefront of innovation.
Who qualifies for the R&D tax credit?
Innovative companies of all sizes can take advantage of the R&D Tax credit when performing qualified activities. Here's a few:
- Manufacturers
- Architectural and engineering firms
- Software developers
- Machining
- Plastic mold injection
- Software developers
- Construction contractors
- Food processors
- Chemical companies
- Agribusiness
- Apparel/textile companies
- Pharmaceutical
What activities qualify for the R&D tax credit?
This tax credit reimburses companies that develop new products, processes, or inventions and offers a significant percentage back to the company for qualified research activities and qualified research expenses.
Activities aimed at achieving advancements in technology, contributing to the development of new products, processes, or services.
Efforts to resolve technological challenges and uncertainties that arise during the development or improvement of products or processes.
Activities focused on enhancing existing technologies, methodologies, or processes to achieve increased efficiency and effectiveness.
The pursuit of innovative solutions and new knowledge through experimentation and analysis.
The design, development, and testing of software solutions, including new algorithms and architectures.
How far back can you claim your R&D tax credit?
You can capture your tax credit for the current tax year and for the prior three open tax years.
If you have performed qualifying activities in the past, this could be a substantial credit for your business. You can also submit tax credits for project that didn’t succeed—not just the ones that worked out.
How we help you get your tax savings
We specialize in identifying and optimizing Research and development (R&D) tax credits for businesses across various industries. Our approach is designed to ensure you receive the maximum tax savings while staying compliant with tax laws.
Here’s how we assist you in securing your R&D tax savings:
We conduct a thorough analysis of your business operations, expenses, and projects to identify activities that qualify for R&D tax credits.
Our team assists in compiling and organizing all necessary documentation to substantiate your R&D claims, ensuring a smooth and efficient filing process.
We meticulously prepare your R&D tax credit claim, aligning it with the latest tax laws and regulations, and submit it to the relevant tax authorities on your behalf.
Beyond claim submission, we provide ongoing support and advisory services to keep you informed about any legislative changes and help you maintain compliance.
Our expertise and in-depth knowledge of R&D tax credits enable us to optimize your claims, ensuring you receive the maximum tax savings possible.