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R&D Tax Credit (R&D)
Research & Development Tax Credit Processing (R&D)
Only One in Three Eligible Companies are Claiming What They’re Entitled To
Two Ways to Get Started:
AdvanStaff HR and its R&D Tax Credit Partner StrikeTax Advisory make
it easier than ever to explore, apply, and claim your R&D tax credits.
Why pay the IRS? When the IRS can pay you.
Originally established in 1981 but enacted as a permanent program in 2015, the research and development tax incentive encourages US-based businesses to innovate and continue investing in ideas and technology. While this credit is substantial and one of the most lucrative governmental credits, many companies have yet to begin claiming all that they qualify for.
Refuel Your Innovations
AdvanStaff HR and our R&D tax credit partner work together to uncover the credits you deserve and reward you for your innovations. AdvanStaff HR handles the reporting, and our R&D tax credit partner compiles the necessary documentation to file and claim your credits.
Our partner works on a success-based fee structure. They don’t get paid until you receive your credits.
They work for your success!
Common Misconceptions About Claiming the R&D Tax Credit:
- My company isn’t inventing anything new.
The definition of research and development is broader than you may realize. If your company is engaged in the process of experimentation, or creating something new to you, your R&D efforts may qualify.
- My company isn’t paying federal income tax yet, so we can’t apply.
The 2016 PATH Act allows qualified small businesses to use federal credits to offset their future payroll tax, even if they’re not currently paying federal income taxes.
- We don’t qualify because we are subjected to the Alternative Minimum Tax (AMT).
The PATH Act opened up the R&D tax credit for more small businesses. Now, eligible businesses can apply the tax credit against their AMT liability.
- My CPA would’ve already applied for it if we qualified.
The R&D tax credit is a small part of the tax code, and your CPA may not know the intricacies, or feel confident, about applying for R&D credits. Partnering with a specialty R&D firm gives your existing financial support team the bandwidth to take care of your standard tax needs, letting the experts focus on your specific R&D tax potential.
- I don’t want to increase my company’s chances of an audit.
IRS guidelines do not specifically target companies that claim the R&D tax credit. Filing a well-documented and timely R&D claim is your best avenue for preventing an audit. It can be in your best interest to also work with a specialty R&D tax firm that guarantees you audit protection.