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Are you taking advantage of the Research and Development tax credit?

We can help you determine if you qualify.

The Federal Research and Development Tax Credit (R&D tax credit) can result in immediate benefits to companies. For over 35 years, businesses have taken advantage of the $10 billion a year R&D tax credit, however, many businesses are unaware of the current regulations and requirements. Tax Incentive Solutions LLC provides the in-depth expertise and detail needed to navigate the R&D tax credit.

Tax Incentive Solutions LLC helps small and middle-market businesses identify qualified research activities and expenditures to complete the R&D tax credit analysis. The R&D tax credit can reduce tax liabilities and offer a source of cash for business needs.

Industries

The R&D tax credit is generally allowed for expenditures paid or incurred for qualified research. If a company is developing new products or processes, or making improvements to existing products and processes, the R&D tax credit should be considered. In general, you can’t tell what will qualify as qualified research expenses without an in-depth discussion about a company, however, the following industries likely have qualified research activities:

Aerospace

Machine Shops

Automotive

Engineering

Food Processing

Chemical

Tool and Die

Construction/Contractors

Plastics

Manufacturing

Software

Contact us for your complimentary
R&D tax credit assessment.