Research & Development Tax Credit
Wondering if your business could leverage the R&D tax credit?
The Research & Development (R&D) tax credit rewards taxpayers for engaging in qualified research activities (QRAs) by providing a credit for a portion of their research expenses. QRAs are the activities a business performs that would qualify towards the R&D Credit. If the activity can pass a four-part test, then it would be considered a qualified research activity and included in the computation of the R&D Credit.
This tax credit can apply to a variety of industries, for example, Manufacturing, Software & Technology, Food & Drink, Construction and more.
If you are wondering if the R&D tax credit could benefit your business, fill out the form below and we will be in touch via email to see if you are a good candidate for this tax credit.
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Looking for more R&D resources?
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Many businesses are grappling with uncertainty amidst the pandemic. Many are wondering how they can hit pre-pandemic revenue levels and generate cash flow. For some businesses, the research and development (R&D) tax credit could be part of the solution.