With help from our R&D tax consultants, many small and midsize businesses can lower their tax bills. They can do this in ways they couldn’t before. All businesses can also find important tax benefits beyond their deductible R&D expenses.
Resources
Solving your challenges in claiming R&D Tax Credits
As case law changes, it can be hard for taxpayers to keep up with new rules about the R&D Tax Credit. It is important to work with R&D tax experts. They ensure that projects qualify and count expenses correctly. This also follows the rules set by the law.
The R&D Tax Credit is the largest tax credit for U.S. businesses. However, many do not use it. This incentive helps companies stay competitive. It offers a non-refundable federal tax credit and possible state tax credit. This credit can reduce taxes owed for qualified expenses.
Allocating resources to research and development is important for encouraging innovation. Innovation drives the American economy. Additionally, R&D initiatives contribute to the creation and preservation of technical employment within the United States.
The IRS created a four-part test in IRC 41 (d). This test helps you see if your company’s research and development work qualifies for the R&D tax credit.
Today, the number of industries and sectors eligible to benefit from the R&D Tax Credit is expanding. Many American businesses, large and small, may already be doing activities that qualify for the credit. However, many businesses are not claiming the credit yet.
Any corporation, organization, trust, estate, or individual can claim an R&D Tax Credit. This applies to the last three tax years and future years. Knowing that the claims process can change based on your company’s industry and qualifying research activities are important.
<p>The R&D Tax Credit is the largest tax credit for U.S. businesses. However, many do not use it. This incentive helps companies stay competitive. It offers a non-refundable federal tax credit and possible state tax credit. This credit can reduce taxes owed for qualified expenses.</p>
<p>Allocating resources to research and development is important for encouraging innovation. Innovation drives the American economy. Additionally, R&D initiatives contribute to the creation and preservation of technical employment within the United States.</p>
<p>The IRS created a four-part test in IRC 41 (d). This test helps you see if your company’s research and development work qualifies for the R&D tax credit.</p>
<p>Today, the number of industries and sectors eligible to benefit from the R&D Tax Credit is expanding. Many American businesses, large and small, may already be doing activities that qualify for the credit. However, many businesses are not claiming the credit yet.</p>
<p>Any corporation, organization, trust, estate, or individual can claim an R&D Tax Credit. This applies to the last three tax years and future years. Knowing that the claims process can change based on your company’s industry and <a href="https://www.aymingusa.com/expertise/what-qualifies-for-the-rd-tax-credit/"> qualifying research activities</a> are important.</p>
How we can help
Specialists in R&D tax credits—it’s what we do
With 40 years of global experience, we help companies of all sizes. We support startups and multinational organizations in managing the entire R&D Tax Credit process.
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