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Assistance for Startups to Claim the R&D Tax Credit

Advisors ready to help you navigate, file and receive the R&D tax credit.

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What is the R&D Tax credit?

The R&D Tax credit is a tax savings directed towards start up companies that incur research and development costs in the United States. A credit of up to $250,000 per year can be taken on your payroll return for up to five taxable years. Some specific examples of projects that may qualify include
  • Development of new software
  • Tests of new concepts and technologies
  • Prototype and model development
  • Development of new and/or improved products or formulas
  • Updating and streamlining to improve a process
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What are the Benefits of the R&D Tax Credit?

The R&D tax credit benefits businesses by offsetting some of the payroll expenses involved in advancements and experimentation. Society benefits by freeing up companies, like yours, to take additional risks to improve systems and products we use everyday. Other benefits include

  • $250,000 each year for up to five years
  • Unused credit can be carried forward up to 20 years
  • Increased cash flow
  • Increased return on Investment
  • Lower your effective tax rate
  • Use funds to offset Federal Income Tax
  • Some states have their own R&D programs for tax credit
  • Increased earnings per share
  • Reduction of federal and/or state tax liability

Who qualifies for the R&D tax credit?

To qualify for the R&D tax credit, there are four basic criteria (also called a “four-part test”). All research must be completed in the U.S. and receipts must be from within the past five years. Here are some of the ways we help our clients navigate the credit

  • Credit calculation
  • Determining valid expenses
  • Financial advice for future R&D
  • Determining eligibility
  • Filing your company tax return

Why Choose Us? ​

  • Personalized Service
  • Proactive Approach
  • Commitment to Your Success
  • Technology-Driven
  • Competitive Rates
  • Accuracy and Compliance
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Our team specializes in tax preparation and filing. Simply contact us to schedule a consultation, and we’ll guide you through the process, ensuring you maximize deductions.

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Our fees vary based on the scope of services and the complexity of your needs. We offer competitive pricing and flexible packages. Contact us for a free consultation and a detailed quote.

Do you offer payroll services for small businesses?

Yes! We handle all aspects of payroll management, including calculations, tax filings, and compliance with labor laws. Let us take the payroll burden off your shoulders, so you can focus on your business.

How can I get started with smartcpa LLC?

Getting started is simple! Reach out to us for a free consultation. We’ll assess your needs and create a personalized plan, so you can start managing your finances efficiently.

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