Introducing the rad app

By | R&D Tax Credits

Come one, come all! We have officially launched the rad app, a ground-breaking way to process R&D Tax Credit claims online.  It’s the first of its kind and we can’t wait for you to check it out.  Our thoughtfully designed and streamlined technology allows for your business to maximize its R&D…

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Surviving an IRS Audit – Qualifying Expenses

By | R&D Tax Credits

Qualifying Expenses The IRS defines Qualified Research Expenses (QREs) as the sum of “in-house research expenses” and “contract research expenses”. Those expenses include: Wages: Taxable or subject to self-employment tax of individuals performing, directly supervising or supporting the qualified research. Supplies: Amount paid or incurred for materials used in the…

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Surviving an IRS Audit – Qualifying Activities

By | R&D Tax Credits

Qualifying Activities For an activity to qualify as a qualified research activity (QRA) it has to fulfill the “IRS Four-Part Test”. The “IRS Four-Part Test” has four requisites: New or Improved Business Component Technological in Nature Elimination of Uncertainty Process of Experimentation If the development efforts don’t pass this test…

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