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What Is The R&D Tax Credit?

The R&D tax credit is an incentive to stimulate innovation and technical design. It provides companies with significant incentives for developing new products, processes, or inventions, which they can use as reimbursement for qualified research activities completed within the United States; this means that American businesses will always be at the forefront of cutting-edge technology!

Learn About the History of the R&D Tax Credit

What Qualifies for the Tax Credit?

four-part test
  •  Software Development
  •  Payroll Expenses Related to R&D Activities
  •  New Manufacturing Processes
  •  New Product Innovation
  •  and more

Activities that would otherwise be considered “day-to-day operations,” such as designing new products or analyzing market trends, are eligible under this credit!

To determine if you qualify for the research and development credits under the IRS, you will need to find out if your activities meet the four-part test.

Does My Industry Qualify?

 Answer: Companies of all sizes and industries can qualify for this tax credit.

Qualifying Activity Examples: Learn about the specific qualifying activities in your industry by clicking the links below:

View All Industries

Do Start-Ups Qualify?

R&D credits can be ideal for startups—particularly those of a technical nature, such as in the fields of computer science or pharmaceuticals. The credits can deliver a financial windfall to qualifying taxpayers, but the unique circumstances of startups entail challenges. As a result, it’s wise to engage a seasoned tax and engineering specialty firm.

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Does My State Have A Research and Development Tax Credit Program?

Each state name has a link to its .gov website for the tax credit program itself or the tax credits and incentives page, where you can learn more about your specific state’s tax credit programs. These state credits are in-addition to the federal tax credit, which you may qualify for both.

Tax Team Article

Possibilities: R&D used to demonstrate ongoing appreciation in a tangible way

Author: Mark Loehrke, Inside Public Accounting

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Mark Loehrke

Can you apply tax credits to reduce a portion of your federal payroll taxes?

r&d tax credits graph showing gross receipts

When Is The Best Time To Have A Study Done?

If possible, have your study completed well in advance of your April 15 or October 15 tax filing deadline.

But what happens when tax deadlines have come and gone, and your business failed to claim the tax credit? No worries – you can still file your claim for the credit with an amended return.

How Far Back Can You Claim Your R&D Tax Credit?

You can capture your 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

What to expect when working with Engineered Tax Services.

See If You Qualify

We will help you gather all your documentation. This includes receipts, invoices, contracts, and other records of qualified activities.

Prepare Your Forms

If you are eligible for the tax credit, we'll help you file all the necessary forms to recieve the tax credit.

Claim Your Tax Credit

Finally, we'll help you file your claim so you can get the money you are entitled to.

Getting an R&D Credit Analysis to see if you qualify is the first step!

R&D Case Study: Engineering Firm in New York

engineering firm

eBook: The Architect's Guide to R&D Tax Credits

This comprehensive e-book is designed to help you recognize which of your activities qualify for R&D tax credits! 

Whitepaper: R&D Tax Credits

r&d whitepaper

How can R&D tax credits propel your business to the next level of success? This comprehensive white paper explains how your company can be rewarded for innovation via a substantial tax break, but one that less than one-third of companies entitled to the credit know they’re eligible. With special chapters on R&D tax credits for startups and for software and gaming. Download a Free Copy today! 

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Andrew Krowne, CPAKrowne Certified Public Accountants
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Case Studies: R&D Tax Credit


R&D Tax Credit Case Study for Specialty Manufacturer in Oregon

1 Year Tax Savings: $18,078 (Federal Only) Study Highlights   Wages $525,358 Supplies $26,953 Rental or lease of computers 27.5-Year Contract Research $11,760 Total Qualified …


R&D Tax Credit Case Study For Specialty Manufacturer in New York

1 Year Tax Savings: $18,078 (Federal Only) Study Highlights Wages $358,407 Supplies $26,953 Rental or lease of computers 27.5-Year Contract Research $14,227 Total Qualified Research …

R&D Tax Credit

R&D Tax Credit Case Study for Software Developer in Texas

1 Year Tax Savings: $72,430 (Federal Only) Study Highlights Wages $1,342,919 Supplies $0 Rental or lease of computers $0 Contract Research $0 Total Qualified Research …

Articles: R&D Tax Credit

section 174

What Does Section 174’s New Amortization Rule Mean for R&D Credits?

Future changes to the way companies can take deductions from research and development expenses may make investing in innovation more difficult, particularly for small businesses …

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TAX ALERT: IRS may extend the transition period for compliance regarding research credit refund claims

  IRS Update *** The IRS is extending for another year (through January 10, 2024) the transition period during which taxpayers are provided 45 days to perfect a research credit claim for refund prior to IRS’s final determination on the claim. A recent comment by an IRS official indicating that the agency may extend the … Read more

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new state life sciences r&d tax credit program

New York State Offers a Life Sciences Research and Development Tax Credit

You may know that life sciences are eligible for federal research and development (R&D) tax credits nationwide—but did you know that New York State offers …

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