My focus is to help business owners be more successful in marketing their products and services to the state and the federal government. I’m a people person and get satisfaction from helping others succeed! If you are asking how this pertains to R&D Tax Credits, I encourage you to take another minute to read the information below.

The R&D tax credit is now permanent and available in 35 states.and can equte up to $0.10 for each qulified dollar. It is no longer just for "white coat lab activities" and I enjoy helping businessed find ways they can use this tax credit to help develop products and services that enable their business to grow.

In order to qualify for the R&D tax credit, you need to make sure the expense meets the following four specifications: permitted purpose, technology in nature, technical uncertainty, process of experimentation. Whether you are part of an emerging growth company, looking to offset payroll, or want to find another way in which R&D tax credits can be used for you company, don't hesitate to contact me today.

Background

• Established in 1981 to promote continued search for innovation and improvement.
• Dollar-for-dollar reduction in income tax liability or payroll tax liability.
• Includes product development, process/tooling development, software development for new products, improved products, contract manufacturing, engineering services.

Why Perform an R&D Tax Credit Study?

• Goal is to get refunds of previously paid taxes and/or reduce taxes going forward.
• Study will help get largest, defendable credit and incorporates recent regulations, law and court case changes regarding activities, documentation, calculation and usage.
• Engineering and tool-based methodology establishes support of activities and costs.
• Performing a study establishes support for claim years and methodology for going forward. Having advisor perform calculation-only cold leave money on the table and is risky because undocumented approach could be challenged, and credits lost.