Introducing the most valuable tax incentive plan available to businesses today…

The Research & Development Tax Credit!

(It’s Not Just for Research Labs!)

BREAKING NEWS: Recent federal changes mean businesses in 40 different industries can now use the R&D Tax Credit to offset qualifying payroll taxes dollar-for-dollar. States provide similar tax credits. Potential benefits average 10%-20% of qualified spending – resulting in $40,000 – $80,000 in tax savings & increases in cash flow!

Yet, many businesses never claim the tax credit because they did not know they were eligible – until now.

Passed by Congress as part of the Economic Recovery Tax Credit of 1981, the R&D Tax Credit is designed to encourage innovation and increase technical jobs in the U.S. Recently, the R&D Tax Credit has been amended and expanded. No longer is it just for large laboratories creating revolutionary breakthroughs that are “new to the world.”

Today, the R&D Tax Credit is available to a wide range of businesses from manufacturers to software developers, and to businesses of all sizes, including start-ups with no profit yet, and even for businesses where the research failed.

Businesses that qualify include those that are:

  • Developing new products
  • Improving existing products
  • Developing new or improved manufacturing or production processes
  • Developing new production equipment
  • Attempting to use new materials
  • Designing or fabricating tools/dies
  • Developing certain types of software

Call TODAY at 410-409-5400 for a no-cost, no-obligation analysis to see how much you can increase your cash flow!

Reduce your tax liability in past years – and up to 20 years in the future!

Eligible businesses can reduce their tax liability for the current year, three years prior, and can carry forward the tax credit and offset profits for the next 20 years. This is not a paltry deduction. This is a dollar-for-dollar credit against taxes that would otherwise be paid on expenses, contractors, and wages of the employees that are performing the qualifying work, which is why it is considered by tax experts to be the most valuable tax incentive to businesses today.

Here is just one example…

Businesses conducting qualified research in the U.S. receive substantial tax benefits in 3 key areas:

  1. Employee wages
  2. Supplies & expenses
  3. Third-party contractors

The research does not even need to be successful. And there is no dollar limit. Due to the recent changes, many companies in manufacturing, science, technology, medicine, engineering, mechanical processing and architecture qualify. Activities that qualify include advancements in the design of a product or process, corrections in design defects of activities that result in cost reductions or enhanced function.

Call TODAY at 410-409-5400 for a no-cost, no-obligation analysis to see how much you can increase your cash flow!

Based on the Federal Research & Development (R&D) Tax Credit, businesses that qualify for the tax-saving credit must meet each element of a 4-part test which includes the following.

  1. Qualified purpose. The activity must relate to a new or improved function, performance, reliability, or quality of a business component such as a product, process, technique or formula. It does NOT have to be a new discovery or advancement in the industry. It only has to be new or innovative to your business.
  2. Elimination of uncertainty. The activity must be intended to discover information to eliminate uncertainty concerning the development, improvement or appropriateness of the business component’s design.
  3. Process of experimentation. The qualifying activities must constitute the process of experimentation involving the scientific method or systematic trial and error.
  4. Technological in nature. The activity performed must fundamentally rely on principles of physical sciences, biological sciences, engineering or computer science. For example, if you’re in food production, simply adding more salt to your product won’t necessarily qualify—but a method based in hard sciences to enhance your product’s flavor might, as would similar methods designed to keep food fresher longer.

Activities that do not qualify include:

  • Research after commercial production
  • Adaption of existing business components for a particular customer
  • Duplication of existing products or designs
  • Surveys, studies, market research, routine data collection
  • Research conducted outside the U.S.

Call TODAY at 410-409-5400 for a no-cost, no-obligation analysis to see how much you can increase your cash flow!

Top 5 Myths that stop businesses from getting the R&D Tax Credit

  1. It is only for laboratories conducting groundbreaking discoveries. BUSTED! The R&D Tax Credit is certainly designed to encourage innovation, but qualified activities only have to be new and innovative for your business – NOT the industry.
  2. It is only available for large companies with significant R&D expenses. BUSTED! The R&D Tax Credit is available for businesses of all sizes – even start-ups. The tax liability can even be offset for future years.
  3. It is not available to companies that fail in their research efforts. BUSTED! The tax liability for the relatable expenses, employee wages and subcontractors can be credited even if the research or innovation is NOT successful.
  4. It won’t help our business because we’re not profitable. BUSTED! The tax credit can be banked or carried forward for up to 20 years into the future when the business is profitable.
  5. It won’t help reduce state taxes. BUSTED! Many states have very similar tax-saving incentives as the federal R&D Tax Credit that can significantly reduce your tax liability and increase cash flow.

Reduce your taxes & Increase your cash flow right away so you too can:

  • Generate an immediate source of cash
  • Significantly reduce your federal & state tax liability
  • Reinvest the capital into your business or back to the owners

Get a FREE No-Obligation Tax Benefit Quick Analysis

See for yourself how much your tax benefit will be with our No-Cost, No-Obligation Tax Benefit Quick Analysis.

Why wait any longer to increase your cash flow now?

Or Call Us Today at 410-409-5400