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 utilizing the latest manufacturing methods, software development, and quality improvements.
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.
We’ll discuss your eligibility and help estimate your potential tax benefit.
Fueling Cutting-edge Solutions with R&D Tax Credit
The R&D tax credit is a dollar-to-dollar federal incentive driving technological innovation to keep American products and services at the forefront. It is a potential six figure incentive every year for the risks you take for activities like –
- Developing or designing new products or processes
- Enhancing existing products or processes
- Improving upon existing prototypes and software
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 Cutting-edge Solutions with R&D Tax Credit
The R&D tax credit is a dollar-to-dollar federal incentive driving technological innovation to keep American products and services at the forefront. It is a potential six figure incentive every year for the risks you take for activities like –
- Developing or designing new products or processes
- Enhancing existing products or processes
- Improving upon existing prototypes and software
Success Stories
Companies claiming the R&D Credit saved more with alliantgroup!
Multi-Disciplinary Engineering Firm
Previous Credit Value:
$460,000
alliantgroup CREDIT VALUE:
$1,600,000
248% Increase
ANNUAL REVENUE:
$51 Million
Precision Manufacturer
Previous Credit Value:
$354,000
alliantgroup CREDIT VALUE:
$692,000
95% Increase
ANNUAL REVENUE:
$51 Million
Software Consulting Company
Previous Credit Value:
$158,141
alliantgroup CREDIT VALUE:
$336,000
113% Increase
ANNUAL REVENUE:
$103 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 US 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 service’s expectations. 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.
Why alliantgroup?
We are the 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 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.
Four Former IRS and Division Commissioners
Our former commissioners are the preeminent experts on IRS policy and ensure our practices and procedures align with the service’s expectations. 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.
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:
- Retaining and attracting more technical talent;
- Growth strategy; and
- Remaining competitive.
R&D Tax Credit 5 Myths and Misunderstandings
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.
Our Process
1.
A risk-free, no-cost assessment
2.
Cataloging applicable mandates
3.
Documentation of more than nominal impact
4.
Calculation of credit and accounting for other relief and incentives claimed
Why Businesses Choose alliantgroup
Hear from a client how alliantgroup helped increase his bottom line.