R&D Tax Credits

For companies that design, develop, or improves products, processes, techniques, formulas, inventions, or software may be eligible for R&D tax credits and other related tax breaks that save U.S. businesses more than $12 billion annually. Yes, you heard that right – and now even more industries qualify for the R&D tax credit than ever before. Plus, new R&D tax credit regulations allow eligible taxpayers to review tax years – three years plus the current year – for credits that were never claimed.

R&D tax credits are for businesses of all sizes, not just major corporations with research labs. My clients are realizing tax credits between $40K and $80K per year. Isn’t this significant source of cash and tax reduction worth exploring?

These savings are attainable with the guidance of an expert. I will follow up with a call to see when your schedule will allow for us to get together. In many cases computer software, architecture, engineering, and production companies may be eligible for the R&D tax credit as well. With proper documentation of business activities, the credit can yield federal and state tax savings. Your business may also be eligible to file an amended return and claim credit for the previous three years.

Let The Business Strategists at Vernon Brokke to help you realize these savings with a free no obligation analysis. We would be happy to help you with any specific R&D tax credit questions.