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SECTION 174 FIX IMMINENT!

New administration is adamant on extending TCJA and fixing section 174. Businesses can now claim the full benefits of R&D expenses for their day-to-day activities like –

  • Developing or designing new products or processes
  • Enhancing existing products or processes
  • Improving upon existing prototypes and software

Book a meeting with us to secure your benefit before time runs out:

SECTION 174 FIX IMMINENT!

New administration is adamant on extending TCJA and fixing section 174. Businesses can now claim the full benefits of R&D expenses for their day-to-day activities like –

  • Developing or designing new products or processes
  • Enhancing existing products or processes
  • Improving upon existing prototypes and software

Book a meeting with us to secure your benefit before time runs out:

With the incoming administration aligned under a single party, the legislative barriers to fix Section 174 have been removed. Businesses can now claim the full value of the R&D expenses for their day-to-day activities, like developing new or improved designs or infrastructure.

Act soon to claim potential six-figure refunds for previous tax years before the statute of limitations expires.

Success Stories

Electrical Engineering Firm

R&D CREDIT VALUE:

$240,000

ANNUAL REVENUE:

$44 Million

Precision Manufacturer

R&D CREDIT VALUE:

$692,000

ANNUAL REVENUE:

$51 Million

E-Commerce Company

R&D CREDIT VALUE:

$2,200,000

ANNUAL REVENUE:

$31 Million

Contract Manufacturer
 

R&D CREDIT VALUE:

$1,000,000

ANNUAL REVENUE:

$33 Million

Industrial Automation
& System Integration Company

R&D CREDIT VALUE:

$981,500

ANNUAL REVENUE:

$100 Million

Software Consulting Company
 

R&D CREDIT VALUE:

$336,000

ANNUAL REVENUE:

$103 Million

Day-to-day Business Activities that Qualify for R&D Credit:

  • Designing or enhancing products or prototypes
  • Creating new or improving production processes
  • Developing new software or customizing existing ones
Let’s explore how you Qualify

Research Tax Credit — Elections Bring Relief on Amortization

The upcoming administration is expected to bring relief from the current R&D amortization requirements, potentially reverting to immediate expensing of research costs.

These Section 174 changes, anticipated in early 2025, would significantly benefit small and medium-sized manufacturers by reducing tax burdens and encouraging innovation.

DOWNLOAD WHITEPAPER

“Businesses should bear in mind that the statute of limitations will soon be here on being able to apply for the research and development tax credit for 2021 – and will end up paying more on their next quarterly estimated payment.”

– Dean Zerbe,

Former Sr. Counsel to the U.S. Senate Finance Committee

Research Tax Credit — Elections Bring Relief on Amortization

The upcoming administration is expected to bring relief from the current R&D amortization requirements, potentially reverting to immediate expensing of research costs.

These Section 174 changes, anticipated in early 2025, would significantly benefit small and medium-sized manufacturers by reducing tax burdens and encouraging innovation.

R&D | 174 Update | Dean Zerbe

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DOWNLOAD WHITEPAPER

“Businesses should bear in mind that the statute of limitations will soon be here on being able to apply for the research and development tax credit for 2021 – and will end up paying more on their next quarterly estimated payment.”

– Dean Zerbe,

Former Sr. Counsel to the U.S. Senate Finance Committee

R&D Tax Credit: Myths & Misconceptions

Don’t let these myths hold you back from claiming federal refunds that you deserve –

  • The tax credit is only for companies that invent
    something new or have research labs.
  • Taking the R&D credit would increase my tax
    liabilities & won’t help my bottom line.
  • There will be tax reform, and the R&D credit
    will go away.
  • What about Section 174? It is not getting fixed
    anytime soon.
  • We should wait for the official legislative change
    to start R&D study.
  • R&D tax credit rewards businesses for the things they’re doing everyday to improve their products and processes.
  • The R&D tax credit offers dollar-for-dollar reduction to taxable income, adding to your bottom line.
  • The R&D tax credit is the largest PERMANENT
    federal business incentive.
  • The new administration has committed to fix
    Section 174 within the first 100 days in office.
  • Failing to claim for previous years right away may
    result in lost refunds.

alliant Advantage

We are leading experts in tax credits and incentives. Since 2002, we have helped US businesses grow their operations and stay ahead of the competition. To date, we have delivered billions in refunds to over 40,000 businesses.

1000+ 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.

FORMER POLICYMAKERS

Our team of former policymakers brings a deep understanding of tax law and its business applications, putting them at the forefront of Section 174 discussions.

This enables us to offer clients advice that considers both current and future tax legislation.

Five Former IRS Commissioners

Our strategic advisory board, which includes former IRS commissioners, brings preeminent expertise on IRS policy and ensures our practices align with the newest guidance.

No other firm offers this level of oversight.

Mark W. Everson

alliant Vice
Chairman

Steven Miller

alliant National Director of Tax

Eric Hylton

alliant National Director

Kathy Petronchak

alliant Director of IRS Practice & Procedure

Darren Guillot

alliant National Director

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.

What Qualifies Businesses

for the R&D Tax Credit?

Many businesses are still unaware they qualify for this credit. A wide range of industries, such as software development, manufacturing, engineering, crop and animal production, food processing, construction, and more, qualify for the R&D Credit.

Eligibility for the R&D Credit extends beyond product development to include activities such as the latest manufacturing methods, software development, and quality improvements.

So, if your company does any of the following, your business likely qualifies for this credit:
  • Develops or design new products or processes;
  • Enhances existing products or processes; or
  • Improves upon existing prototypes and software.

Schedule a free consultation with our team of experts to learn more!

We’ll discuss your eligibility and help estimate your potential tax benefit.

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 significant permanent tax credit available. As the competition within the American marketplace continues to intensify, companies need to utilize every resource they can. This credit intends to support innovative industries so they can reallocate funds back into their businesses to help with the following:

R&D Tax Credit 5 Myths

Unfortunately, only one out of twenty small and 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.

  • Faced losses or didn't have tax liability.

Success Stories from Our Clients

Companies already claiming the R&D Credit, saved more with alliantgroup!
Process Equipment Manufacturer
Previous Provider:

$1.2 Million

OUR RESULTS:

$3.5 Million

Software Consulting Company
Previous Provider:

$141,278

OUR RESULTS:

$336,000

MEP Engineering Firm
Previous Provider:

$145,000

OUR RESULTS:

$268,000

App Development Company
ANNUAL REVENUE:

$3 Million

TOTAL CREDITS EARNED:

$375,000

Food Processing Company
ANNUAL REVENUE:

$25.5 Million

TOTAL CREDITS EARNED:

$245,000

Oil and Gas Field Exploration Company
ANNUAL REVENUE:

$7.6 Million

TOTAL CREDITS EARNED:

$102,000

R&D Systems Integrators
WHITEPAPER
Your Checklist for R&D Providers

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