Research & Development Credit

A TAX CREDIT IS AN IMMEDIATE SOURCE OF CASH, ALONG AS A SIGNIFICANT REDUCTION TO CURRENT AND FUTURE YEARS’ FEDERAL AND STATE TAX LIABILITIES INCLUDING PAYROLL TAXES.

The Research and Development (R&D) Tax Credit is one of the best opportunities for businesses to significantly reduce their tax liability while doing their daily activities.

IRS statistics show that R&D tax credits worth nearly $11.3 billion were claimed in 2013 based on the latest available data. Lack of knowledge between both taxpayers and their advisers can result in underutilization of the this credit and leave the much needed money on the IRS table..!!!

Examples of few businesses ( not limited to) that can utilize the R&D tax credit:

• Agriculture

• Architectural firms

• Manufacturing and engineering companies

• Software development

• Plastic Surgery

• Dentist

Basically, this credit is available for qualified companies engaged in developing a system, process, product, and/or technology to enhance their core business efficiency.

The R&D Tax Credit is for businesses of all sizes, not just major corporations with research labs – and many companies are eligible, with an expansive list of activities qualifying for the credit.

Our experienced team can help you realize the benefit and guide you towards the well deserved credit.