Leveque Tower – Columbus
Federal research and development tax credits enable taxpayers to claim a credit against their income tax liabilities, and in the case of qualifying startups, against payroll tax obligations. The R&D credit was enacted in the 1980s but was only recently made permanent in the tax code. The credit is applicable to numerous industries. Despite this fact, the credit is historically underutilized and many executives remain unaware of its availability.
If your company engages in any of the following or similar categories of activities, you may be eligible to claim the credit:
Many states offer a complementary state R&D tax credit that applies to your state tax liability, helping to further increase the savings generated. Any open tax years in which the credit was not already claimed may be amended, resulting in a potentially significant boost of cash flow in the form of a refund due to overpayment. The credit allows companies to recoup a significant percentage of certain qualifying research related expenses, including:
The team at Royse Partners not only specializes in completing R&D studies for our clients, but we have also strategically created a process that minimizes the time investment and maximizes returns. Our process is simple and effective:
Royse Partners excels in performing R&D tax credit studies for our clients and has streamlined a process designed to net you the largest return on your time investment. Better still, if we are unable to identify an eligible credit during the study process, you won’t be charged. Let us work tirelessly to properly calculate and substantiate your R&D tax credit claim!
Contact us today for a no-cost consultation.