Accelerating Business Innovation
R&D Tax Credits available for Every Business and Industry
Research and Development Tax Credit
The Research and Development (R&D) Tax Credit is designed to keep top talent and innovation thriving in the United States. This credit is an incentive that rewards companies who continue to innovate within their business industry. There is no requirement that your company’s R&D needs to be revolutionary to the world. Projects and initiatives that are evolutionary, or incremental to your business, can also qualify. In addition to the federal credit, many states now offer similar incentives for R&D.
Many wrongly think that the R&D tax credit applies only to companies that actually employ scientists. But if your team includes a range of machinists, engineers, or software developers, developing new systems and designs, then you may be entitled to a piece of the tax-credit pie.
The R&D credit provides a competitive advantage and encourages growth. This dollar-for-dollar credit can be used to reinvest into new research and product development, hire top talent, or even funnel back into marketing to increase sales.
Many leading companies claim the R&D credit, but that claim is often incomplete and/or at high risk of failing under audit. An SSF R&D Credit Study maximizes your credit potential while limiting audit risk.
Engineering-based R&D tax credit studies customized to meet your needs.
Ensure your team stays focused on growing your business…we’ll handle adding fuel to the fire!
The right approach to meet your needs:
Engineering Calculation
Engineering evaluation and accurate calculation for companies that meet the qualification guidelines, but either don’t invest heavily in R&D or prefer to shoulder more of the audit risk.
Start-up Payroll Tax Offset Study
For companies that meet the definition of an eligible small business, SSF provides an escalating level of due diligence as your credit amount increases. Companies with less than $5 million of gross receipts may be eligible to elect the powerful payroll tax offset option for up to 5 tax years.
Full R&D Tax Credit Study
A fully customized approach to maximizing and audit proofing your R&D tax credit claim. SSF engineers will work with your subject matter experts to evaluate projects, quantify the associated expenses, and develop a plan to maximize your credit amount.
Blog Insights From Our R&D Team
Research and Development Tax Credit: A Powerful Tool to Build Your Business
Staying ahead of the competition is a challenging and often expensive task. While many economic incentives are targeted at a particular industry or even a specific company, the Research and Development (R&D) tax credit [...]
R&D Tax Credit for Food and Beverage: Make Your Cake and Eat it Too!
One of the most overlooked (and fascinating) industries that should be taking advantage of the R&D tax credit is food and beverage. Whether it’s a manufacturer of finished food products, an ingredient or flavor [...]
R&D Tax Credit: More Valuable than Ever in Uncertain Times
As companies around the country begin to pivot from a sprint to preserve business operations to taking strategic steps to help ensure continued prosperity, several tax planning opportunities should be considered. One option available [...]
