The R&D tax credit is one of the most valuable tax incentives for innovative businesses, but claiming it requires more than just filling out a form. The U.S. Tax Court reinforced that R&D tax credit claims require contemporaneous documentation, records created at the time the research was performed, not reconstructed studies…
Analyzing and Interpreting the Regulations on Internal Use Software within the Research and Development Tax Credit While many companies develop software for other companies, may companies also develop software for internal purpose. Similarly, companies may develop software that is partially used for internal purposes but also may have an external…
It can often come as a big surprise when CPAs and businesses learn how many different industries are eligible for the Research & Development Tax Credit (R&D). These federal and state tax credits offer excellent opportunities to convert R&D expenses (developing new or improved products, processes or software) to valuable…
While claiming the Research and Development Tax Credit can be extremely beneficial to companies, it is also a complex task requiring a deep understanding of tax code legislation. Here at Indago, we are a full-service tax credits service provider with extensive experience in dealing with both the federal and state…
Who doesn’t want to track their pets every day while at the office or running errands? Great news! Trakz, a UK based startup, wants to help dog and cat owners by creating high-tech products allowing them to track if their pets are eating correctly or getting the exercise they need….