Manufacturing companies across the United States operating in all areas of manufacturing, can utilize R&D tax credits. Whether your company manufacturers pens or airplane parts, a portion of the work you do qualifies.
How can the R&D tax credit be used?
A brief summary of the ways the tax credit can be used to benefit your company.
FEDERAL/STATE TAX LIABILITY
A brief summary of the ways the tax credit can be used to benefit your company. A brief summary of the ways the tax credit can be used.
ALTERNATIVE MINIMUM TAX (AMT)
A brief summary of the ways the tax credit can be used to benefit your company. A brief summary of the ways the tax credit can be used.
FICA PAYROLL TAX LIABILITY
A brief summary of the ways the tax credit can be used to benefit your company. A brief summary of the ways the tax credit can be used.
Approved R&D activities
Companies claim billions in R&D tax credits each year, but most still go to large corporations. Now startups and SMBs can take advantage of America’s biggest tax incentive.
Requirements gathering and/or scope analysis.
Developing integrations between software programs.
Developing and/or modifying software source code.
Conducting unit, integration, functional, performance and/or regression testing.
Credit-generating expenses
Your R&D tax credit is made up of Qualified Research Expenditures (QRE’s). These comes from a variety of sources, including wages, supplies and third-parties.
W2 wages of individuals performing, supervising, or assisting R&D activities
65% of payments to third-party consultants, contractors, and/or companies
Supplies/materials used in qualified R&D activities
Partnership earnings and/or Schedule C profits
Credit-generating expenses
Your R&D tax credit is made up of Qualified Research Expenditures (QRE’s). These comes from a variety of sources, including wages, supplies and third-parties.
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