Capture the R&D Tax Credit (Form 6765) on your 2018 Return for FREE. Follow the infographic to easily estimate your QREs (in the form below). Your CPA doesn't have access to you QREs - that's where we come into play.
Did you know there are two methods to calculate the Research and Development (R&D) Tax Credit? 1. Regular Credit The Regular Credit equals 20% of a taxpayer’s current-year qualified research expenses (QREs) that are in excess of a calculated base amount. This can be quite complicated depending on your tax situation. 2. Alternative Simplified
Below are helpful tips to implement in order to make your R&D Tax Credit Calculation "bulletproof." If your company relies on the hard sciences or uses technology to create or improve products or processes, you may be engaging in qualified R&D activities and be eligible for the Research & Development Tax Credit. Here's an excerpt from an IRS Field
To maximize productivity, every company needs a sound production plan. However, effective planning is a complex process that covers a wide variety of activities to ensure that materials, equipment and human resources are available when and where they are needed. Production planning is like a roadmap: It helps you know where you are going and how long
For many entrepreneurs, day-to-day tasks are marked by notable levels of exploration and innovation. And while a creative spirit is an important quality in a business leader, so is financial prowess. It’s likely that many entrepreneurs are doing work that qualifies for the Research and Development (R&D) Tax Credit and the substantial cash savings it
The tax deal just put forward by the Congress not only makes the R&D tax credit permanent but also includes two key changes to the R&D tax credit which will be of enormous benefit to innovative small businesses – and especially startups. Business owners need to pay close attention. First, the legislation allows small businesses
There are plenty of myths and urban legends about the R&D Tax Credit – such as that it's only for large companies or for certain industries. But listening to this kind of talk could be a big mistake. The fact is that the R&D tax credit is quite broad. Oh and yes, it can be
Many business owners think only large companies conducting groundbreaking research can claim the federal R&D tax credit, or that it’s simply too difficult to qualify. Wrong! The Protecting Americans from Tax Hikes Act of 2015 made it easier for businesses to benefit from the R&D Tax Credit. In fact, new changes to the valuable credit