Research and Development Tax Credit
Research and Development tax credit
Figure Financial works with businesses to identify projects and corresponding expenses that qualify for performing Research and Development (R&D) activities. The R&D tax credit is a business tax credit that rewards taxpayers for performing research activities in the United States. Figure Financial thoroughly analyzes each company’s new and improved developments, the potentially qualified expenses, and prepares a substantiation document to ensure the calculation of the credit complies with all IRS requirements.
Curious about how much your R&D tax credit might be?
Use our R&D Calculator to estimate your credit amount.
SOME WORDS OF CAUTION
Taking advantage of federal and state R&D tax credits can significantly boost your cash flow. However, navigating the complexities of claiming these credits and properly documenting your expenses demands a deep understanding of the IRS rules and regulations. The effective utilization of R&D tax incentives requires tax planning and preparation. It is crucial to ensure that your claim is well-supported and adheres to all relevant rules and guidelines, as failing to do so could result in penalties and interest. Consult with the experts at Figure Financial for further guidance.
Click here to start your R&D Credit Application!
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