Research and Development Tax Credit
Accelerating Business Innovation
R&D Tax Credits Available for Every Business and Industry
What is the R&D 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.
Take advantage of the ERC tax credit before the upcoming deadline.
Extended through the end of 2021, The Employee Retention Tax Credit can be worth up to $26,000 per employee! The Employee Retention Credit (ERC) is meant to reward employers that kept employees on their payroll during the COVID-19 impacted months in 2020 & 2021. Visit our ERC page to learn more.
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!
What we offer:
R&D Tax Credit 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
R&D Capitalization and Amortization Changes Take Effect
R&D capitalization and amortization are here, and we recommend planning as though it’s here to stay. Since the 1950s businesses who’ve incurred R&D expenses under Section 174 have been able to deduct them as [...]
R&D Credit Payroll Tax Offset Enhanced by the Inflation Reduction Act
The Inflation Reduction Act of 2022 (IRA) was signed into law on August 16, 2022. The legislation enhances the benefit for start-up companies by expanding the amount of the Research and Experimentation tax credit [...]
5 Brewery Tax Saving Tips
Today, the combination of innovative flavors and unique branding has led to the success of the craft beer industry. With an ever-growing demand for more and more unique varieties, it’s no mystery why breweries [...]
Research & Development Team
(408) 286-7780
(408) 286-7780
(408) 286-7780