The Research and Development (“R&D”) tax credit has continuously evolved since its inception in the 1980s. Introduced to encourage growth in the U.S. economy, it has now evolved into one of the largest federal tax credits. It has since been made permanent to incentivize companies to hire technical talent and continue innovating.
But R&D doesn’t mean beakers and lab coats. In fact, the everyday activities that your business is already doing may qualify for the tax credit. So, even activities like consulting, integrating, customizing, or developing software solutions allow businesses to qualify for this powerful tax credit.
with 220 U.S. employees received $3.4MM in federal and state credits
with 137 U.S. employees received $865,000 in federal and state credits
AND APPLICATION FIRM
with 45 U.S. employees received $444,000 in federal and state credits