Work You've Already Done = Tax Savings
We call it the "Best Kept Secret" currently in the business world. The Research and Development Tax Credit is a government-sponsored tax incentive that rewards companies for conducting R&D in the United States. The credit was implemented to incentivize innovation throughout the economy. In 2015 it became a permanent piece of the US Federal Tax Code Section 41.
* See our frequently asked questions below for additional details.
NO CHARGE upfront with NO COMMITMENT to explore a possible tax refund.
We are recovering money you have already paid to the IRS, The application is minimal and can be done over the phone. We submit the application and your tax returns to our in-house CPA's. You are then either approved or not approved to receive the Tax Incentive, usually within 72 hrs. At that time we will also estimate your recovery.
If you think you need to have a PhD and a laboratory to be conducting qualified activities you're INCORRECT. If you have done something as simple as purchased a new piece of equipment that has created efficiency or automated a process, you could qualify. Even an attempt to create a new employee position or develop a process can be explored for credit.
Some qualified businesses that have:
Our largest source of referrals for the R&D Tax Incentive comes from CPA firms. We are not nor would ever question that your tax professional has your best interest in mind. We are in no way competing to replace them, as we leave them to what they are best at. The R&D Tax Incentive is what we do best. Think of your CPA as the routine doctor, keeping you in great shape, always counseling and keeping you in good health. However, sometimes your regular doctor sends you to a specialist for a health opinion; that’s us! We advise you to counsel with your current tax professional on the R&D Tax Incentive. They will verify its authenticity.
Many businesses are simply unaware that the government offers generous research and development (R&D) incentive programs, or they may believe that such programs do not apply to their company. Even those that are aware often fail to capture the full extent of R&D tax credits to which they are entitled. The tax code is currently estimated at 75,000 pages long, complex and constantly changing. It takes time to get the word circulating and the changes implemented. That’s why we go back 3-years on your taxes to capture all those lost years of credit that is due to you.
All types just ask! Currently we have worked with oil & gas companies, agriculture, including production crops, livestock, packaging for fruit and vegetables, health providers including dentist, optometrists, orthodontists and insurance companies. The Industry list is very long. It doesn’t cost you anything to see if you qualify, so why not check with us?
The initial application is roughly 12 Questions that we will complete with you. We will then need 3-years of complete Tax Returns to submit. We can fill the application out in person or over the phone. We love simplicity just as much as you do.
As mentioned, application plus 3-years of tax returns. Depending on your company organization, we may need personal taxes. There are sometimes records requested to support the cost on the return, but it will vary on the situation. In more cases than not your tax returns are sufficient.
Once we complete the application and submit it, a secure email drobox will be generated. You can personally send your tax returns directly to our team of CPA’s who are the only individuals who will see them. If you prefer, we can send them for you.
The amount is determined by the IRS; therefore, I cannot answer this. But you can expect your check to be in your hands in the time-frame of 90 to 120 days after you approve the amended tax returns.