R&D Tax Credit – Payroll Tax Offset (FICA)

By | Uncategorized

Claiming the Federal Research & Development Credit this year and applying it to your Payroll Tax liabilities. We know how beneficial the Research and Development Credit (R&D Tax Credit) is when reducing taxable income for profitable companies, as well as how strategic it can be to “bank” the credit for…

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Research and Development Tax Credit: Contract Research

By | R&D Tax Credits

The IRS defines Qualified Research Expenses (QREs) as the sum of “in-house research expenses” and “contract research expenses”. Those in-house research 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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The Consistency Rule

By | R&D Tax Credits

In addition to the Research and Development (R&D) Tax Credit’s IRS requirements and guidelines, the IRS also requires the “consistency rule” be used as a basis to request and collect financial and technical information for current and open tax years. The “consistency rule” states that the qualified research expenses (QREs)…

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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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