Innovation Tax Incentives
R&D Tax Credits
Claim valuable tax credits for qualifying research and development activities.
Over 60 industries are eligible.
Average Credit Value
$250,000+
Per claim on average
Time to Complete
3-4 weeks
For most companies
Key Benefits
Why Choose R&D Tax Credits?
Dollar-for-dollar tax credit = directly reduces the tax you owe or have already paid if we are looking back at previous years.
Created in 1981, research and development tax credits (R&D Tax Credits) are offered by the government to encourage businesses to invest more into innovation and technological advancement.
Qualification Process
The Four-Part Test
Understanding the IRS criteria for qualifying research and development activities. In order to qualify for research and development tax credits, businesses must meet the qualifications using the four part test IRS section 41 R&D tax credit.
New or Improved
Development of new or improved business components including products, processes, software, techniques, formulas, or inventions.
Technological in Nature
Activities must rely on hard sciences such as engineering, physics, biology, computer science, or chemistry.
Uncertainty Elimination
Research conducted to eliminate uncertainty regarding capability, methodology, or appropriate design.
Experimentation Process
Systematic evaluation of alternatives through modeling, simulation, trial and error, or other methods.
Industry Coverage
Qualifying Industries
R&D tax credits are available across a wide range of industries where innovation and technical development occur.
Manufacturing
Innovative production processes and product development
- New product development
- Process improvements
- Automation integration
- Quality control systems
- Typical Savings: 25-35%
Software Development
Cutting-edge software solutions and technologies
- Custom software creation
- Integration testing
- Cloud architecture
- Mobile app development
- Typical Savings: 25-35%
Life Sciences
Groundbreaking research and medical innovations
- Clinical trials
- Drug development
- Medical device design
- Biotech research
- Typical Savings: 25-35%
Engineering & Architecture
Technical design and construction innovations
- Structural design optimization
- Building system improvements
- Energy efficiency solutions
- Construction method development
- Typical Savings: 20-30%
Agriculture & Food
Groundbreaking research and medical innovations
- Crop yield improvements
- Food processing innovation
- Packaging development
- Agricultural equipment design
- Typical Savings: 15-25%
Energy & Environment
Sustainable energy and environmental solutions
- Renewable energy systems
- Emission reduction technology
- Waste management solutions
- Energy storage development
- Typical Savings: 25-40%
Documentation Required
What You'll Need for Your R&D Tax Credit Claim
Financial Records
- Payroll records and W-2s
- Time tracking reports
- Contractor/consultant invoices
- Supply and material costs
Technical Documentation
- Project documentation
- Design documents & specs
- Testing protocols & results
- Patents or patent applications
Business Records
- Organizational charts
- Meeting notes & emails
- Progress reports
- Product development timelines
Quick Estimate
R&D Tax Credit Calculator
Get an instant estimate of your potential R&D tax credit savings
Professional Calculator Coming Soon
We're developing a comprehensive R&D tax credit calculator that will provide you with accurate estimates based on your specific business activities and expenses.
What the Calculator Will Include:
- Federal & state credit estimates
- Industry-specific calculations
- Retroactive claim potential
- Multi-year projections
In the meantime, our experts are ready to provide you with a free, personalized R&D tax credit assessment.