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What's Available For Manufacturers

 

Have you checked your eligibility?

 

Over $14 billion is distributed annually to recipients of The R&D Tax Credit. 
This is an often misundersood

Check Your Eligibility 
 

 
 


OVER 40 INDUSTRIES QUALIFY FOR THE R&D TAX CREDIT

The R&D Tax Credit offers businesses in over 40 industries the ability to
capture these funds.  Don't miss out on your opportunity.  Here are just a few
of the industries that may qualify.  If you do not see your industry listed
check with our team here.


 
 

What is the Research & Development Tax Credit?

The Research & Development Tax Credit (R&D Tax Credit) is an often misunderstood
and highly underutilized federal tax credit. It can significantly impact
businesses, but owners don't tend to claim the R&D credit because they either
are unaware of it or think it doesn't apply to them.  

 

The R&D Tax credit was enacted in 1981 to stimulate innovation and encourage
investment in development in the United States.  The PATH Act of 2015 officially
made the R&D Tax Credit a permanent addition to the U.S. tax code.
 
The R&D Tax Credit is a credit on your income tax return, not a deduction. That
means, dollar-for-dollar, you can reduce your tax liability and deduct eligible
R&D expenses.  The credit can be used for all open tax years, meaning the last
three years, plus the current year.  Additionally, you can carry forward any
unused credit for up to 20 years, making the credit beneficial year after year,
aiding in improving cash flow and earning power for years to come.

How Much Do I Qualify For?
 
 


DOES MY BUSINESS QUALIFY?

If you're asking yourself this question, you are not alone. The R&D Tax Credit
has evolved over the past forty years and is no longer limited to highly
technological industries. It now applies to all companies in all industries.  
 
There is a list of what the IRS calls "Qualified Research Expenditures" or QREs.
This list of activities and expenditures is what the IRS bases qualification on.
If your business performs any of these activities, or expeditures you could
qualify.

 

The R&D Tax Credit has moved beyond white lab coats and beakers into the
everyday companies and it's time you took advantage of it.

Check My Qualification Now

 

Only One Step Away

 

 


STEP 1: UPLOAD YOUR DOCUMENTATION

This is the only step you need to do. We will take care of the rest.  Simply
answer a few questions and submit your quarterly payroll reporting using a
secure online submission form.

 
 



STEP 2: WE CALCULATE, YOU CLAIM

Our team will examine your submission and calculate your R&D credit, providing
you with a R&D claim report that your CPA will file with your tax return to
claim your credit.

 
 



STEP 3: EARN TAX CREDITS CONTINUOUSLY

R&D is just the beginning.  The Tax Management System will continue to search
for all available tax credits and incentives for your business on an ongoing
basis.  Let us find you every penny you're entitled to!

 
 

 

Misconceptions About The R&D Tax Credit

Understanding tax credit eligibility can feel overwhelming and confusing.  More
often than not, day-to-day operations are time-consuming and take precedence
over everything else. In addition, industry was hit hard by COVID-19, which is
why there has never been a more critical time for business owners to determine
which tax credits they are eligible to receive—the potential benefit is too
great to pass up.  

 

My Business Won't Qualify

Many business owners assume that since they are not a manufacturing or tech
company building a new product or service, they don't qualify. This is a myth!
This credit can be claimed by any company that has taken the initiative in the
field of research and development and optimized its technique, technology,
product, service, equipment, composition, and so on. The list of qualifying
expenditures is long. It's not about what industry you are but what you do
daily.

Find My Qualification
 
 

AMT Will Keep Me From Claiming R&D

AMT restrictions did prevent qualified companies from utilizing 100% of the R&D
Tax Credit before the PATH Act was enacted in 2015. The PATH Act allowed those
who have pursued qualified activities and their business earning gross receipts
of $50 million or less to qualify for the R&D tax credit against their AMT to
lower their tax burden.

Yes, I Want To See My Credit
 
 

We Already Filed Our Taxes

You can retroactively claim the R&D Tax credit for up to three years in addition
to your current open year to take advantage of the credit. Additionally, you can
claim R&D recurrently on an annual basis if you continue to have qualifying
expenditures. When working with a team specializing in this credit, they can
walk you through all the nuances of the credit to ensure you get every penny you
deserve.  

Let Me See My Credit
 
 
 

Get started with an established industry leader and claim your funds now. 

By leveraging government tax credits, businesses can continue expanding
operations and accelerating their industry presence. As an industry leader for
over twenty-three years, we have identified over $37B in incentives for our
clients. Let our expertise work for you. Our team of professionals will navigate
the process for you and get your tax credits immediately. 

 
Find My Tax Credits
 
Janie Young-Kufferath , Senior Advisor
304-258-7199 | Janie@CashFlowBusinessPro.com
Your Growth Is Our Business
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