Does your company do R&D? There’s a tax credit for that!

If you spend time on research & development, recent changes to the tax law could give you a big break on your payroll taxes—up to $250,000 a year.  That cash could make or break a startup, where cash is king.

We helped our clients save approximately $10 million with the R&D tax credit on 2016 returns.

R&D tax credits

Does my company qualify?

• Have $5 million or less in annualized gross receipts (that includes companies with no declarable income yet)
• Have 5 years or less of gross receipts
• Have its R&D evaluated and determined valid

1. Technical uncertainty – What’s being made new or improved?
2. A process of experimentation – Were alternatives explored? Modeling done?
3. Be technological in nature – Are you using hard sciences?
4. Qualified purpose – Are you making or improving a product as it relates to performance, ability, function, or quality? (One caveat: Software and other similar developments that are for internal use only don’t qualify; the work must benefit the public.)

• App development
• Platform design
• Cryptocurrency
• Robotics
• VR hardware and software
• Drones
• Wearables

Getting started