Do your projects qualify for the R&D Tax Credit? Checking off each section of the Four-Part Test qualifies your projects as "Qualified Research Activities." Check out our blog post The R&D Four-Part Test for a deeper dive. Alternatively, check out the below...
To calculate the R&D Tax Credit, you need to complete IRS Form 6765 and include it as a part of your company’s tax return. The challenge is, your CPA can’t do it without YOUR help – you need to give him/her your total Qualified Research Expenses (QREs). The Form...
What is nexus? Sounds like a nerdy scientific term, right? Well, it’s more like a nerdy tax term that is a major component of accurately claiming the R&D Tax Credit. For the research credit, nexus is defined as the process of providing documentation between...
Did you know the R&D Tax Credit was originally for those experimenting in white lab coats? While many think that this still stands true today, the R&D Tax Credit has evolved throughout the years to include more than just nerdy laboratory scientists! The most...
The Research and Development (R&D) Tax Credit is comprised of three main categories of cost that can qualify for the credit. The three categories, formally known as “Qualified Research Expenses (QREs),” include wages, supplies, and contractors. QUALIFIED LABOR...
The R&D Tax Credit is an incentive to protect American jobs by rewarding companies who are constantly striving for the “next best thing” here in the U.S. From startups to mid-sized businesses to Fortune 500s, this tax credit is for those who innovate, create, and...
To calculate the R&D Tax Credit, you need to complete IRS Form 6765 and include it as a part of your company's tax return. The challenge is, your CPA can't do it without YOUR help - you need to give him/her your total Qualified Research Expenses (QREs). The Form...
Below are helpful tips to implement 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...
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...
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. Many entrepreneurs are likely doing work that qualifies for the...
