Fueling Software Innovation with R&D Tax Credit
The R&D tax credit is a dollar-for-dollar federal incentive driving technological innovation to keep American products and services at the forefront. This refund was created to reward you for day-to-day activities such as:
- Creating new/enhanced software, architectures, and interfaces
- Programming and coding (including source code, APIs, and web services)
- Conducting unit, integration, functional, performance and regression testing
- Researching and implementing new methods for existing applications
- Providing technical expertise and consulting for tech requirements
Schedule a free consultation below to quickly find out if your business qualifies.
We’ll discuss your eligibility and help estimate your potential tax benefit.
We’ll discuss your eligibility and help estimate your potential tax benefit.
Fueling Software Innovation with R&D Tax Credit
The R&D tax credit is a dollar-to-dollar federal incentive for businesses driving technological innovation to keep American products and services at the forefront. For software companies, it is a potential six figure incentive every year for the risks you take for activities like –
- Creating new or enhanced software applications, architecture, & programming interfaces
- Programming software source code
- Developing application code, scripts, APIs, or web services
- Conducting unit, integration, functional, performance and regression testing
- Researching new methods and strategies to implement into existing applications
- Providing technical expertise and consulting for tech requirements
Schedule a free consultation below to quickly find out if your business qualifies.
Success Stories
Companies claiming the R&D Credit saved more with alliantgroup!
Software Consulting Company
Previous Credit Value:
$158,141
alliantgroup CREDIT VALUE:
$336,000
113% Increase
ANNUAL REVENUE:
$103 Million
IT Solutions Provider
Previous Credit Value:
$141,278
alliantgroup CREDIT VALUE:
$279,000
97% Increase
ANNUAL REVENUE:
$53 Million
Digital Innovation Provider
Previous Credit Value:
$38,000
alliantgroup CREDIT VALUE:
$161,000
324% Increase
ANNUAL REVENUE:
$8 Million
Importance of
R&D Tax Credit
The R&D Tax Credit was introduced in 1981 to increase technical jobs in America by encouraging businesses to invest in innovation. It is now the most powerful permanent tax credit available. As competition within the American marketplace continues to intensify, companies need to utilize every resource they can. This credit intends to support American innovators so they can reallocate funds back into their businesses to help with the following:
- Retaining and attracting more technical talent
- Growth strategy
- Remaining competitive
R&D Tax Credit 5 Myths and Misunderstandings
Unfortunately, only one out of twenty small- to medium-sized companies eligible for this credit take advantage of it. Here are some of the myths that hold them back:
- The tax credit is only for companies that invent something new
- This benefit is for businesses with research labs
- The credit won’t help me with my state taxes or bottom line
- It’s too good to be true
- There will be tax reform, and the R&D credit will go away
WHITEPAPER
Your Checklist for R&D Providers
R&D | Providers Checklist
Please complete the form below to download the R&D providers checklist and find what will work best for your business
Why alliantgroup?
We are the leading experts in tax credits and incentives. Since 2002, we have helped U.S. businesses grow their operations and stay ahead of the competition. To date, we have delivered billions in refunds to over 27,000 businesses.
800+ Industry Experts
Our professionals know your business inside and out and know what qualifies to ensure the most lucrative refund. No other firm offers professionals versed in your industry.
Five Former IRS and Division Commissioners
Our former commissioners are the preeminent experts on IRS policy and ensure our practices and procedures align with the newest guidance. No other firm offers this level
of oversight.
Former Legislators
Our former policymakers understand the intent of tax law and why they apply to your business. As part of our team, they advocate for our clients and help them take advantage of federal funds. No other firm understands tax law to this extent.
Let's get started today
Schedule a free consultation with our team of experts.
We’ll discuss your eligibility and help estimate your potential
tax benefit.
CONGRESS AGREES TO RETURN THE R&D TAX CREDIT BACK TO FULL STRENGTH
The House Ways and Means Committee recently passed a bill to fix 174 amortization, making the R&D credit more lucrative for businesses. Claiming the credit now can amount to six to seven figures of benefit.
If your company does any of the following, your business likely qualifies for the R&D credit:
- Providing technical expertise and consulting on business technology needs
- Designing and developing new or improved software applications, programming interfaces, etc
- Developing application code, scripts, APIs, or web services
- Implementing or improving database architecture design
- Creating database schemas and reporting tools
- Researching new methods and strategies to implement into existing applications