Claim your R&D Tax Credit With Us
As the leading firm in processing PATH Act R&D credits, we’re known for getting cold, hard cash for our clients. Our team takes care of everything and with our startup-friendly, predictable pricing, we have your back.
Trusted by 5,000+ Startups. You are in good company!
R&D Study For Startups –
Everything You Need to Know
Both the federal and most state governments have introduced programs to support innovation among new businesses. These programs offer up to $250,000 in tax credit in return for your R&D spending. It all starts with a proper, compliant study to ensure your business’s finances qualify. Accountalent’s innovative software and analysis make sure you take full advantage to get every dollar possible.
With 20+ years of experience, you’re in good hands!
From start to finish, our R&D tax experts focus on getting you the most return on your tax credits. We’ll comb through the entirety of your business‘s finances and leave you with accurate documentation of the whole process.
Complete Process Documentation
Each step and every dollar amount is documented in our R&D tax credit service for your records. Taking note of every transaction future-proofs your business in case the IRS ever audits your company.
Our R&D experts will take care of everything when it comes to filing for tax credits and will be able to answer any questions you have throughout the process.
What’s the process for an R&D Study?
Qualifications and Quantifications
The first step in an R&D Study is finding out which parts of your business qualify for R&D tax credits and then equaling that to dollar amounts. Our accountants will familiarize themselves with your full business operations to ensure we miss nothing and document everything that qualifies. From there, we compile a list of Qualified Research Expenditures (QRE’s) such as supplies, wages, and other costs that are connected to your innovative research.Schedule an Appointment
Compile Your R&D Study
Once we have all the necessary information of what qualifies for R&D tax credits, we put together a fully detailed report with the amount of credits you qualify for, up to $250,000. With full documentation, this report includes the scope of the study, project examples, and more just past the needed credit summary.Schedule an Appointment
File and Get Paid!
After the R&D study is complete, we’ll provide you with the report so you have full documentation on-hand. If we’re handling your tax return as well, our team can help file the necessary forms with your tax return to ensure your tax credits are fully entered and processed.Schedule an Appointment
The #1 Choice for Startup R&D Studies
Experienced Tax Analysts
We’ll walk you through the full process of qualifying for thousands of dollars in tax credits, all while documenting everything for authenticity.
No Hidden Rates
With a free consultation and fixed rates, our service can’t be beat when looking for the best R&D study provider.
Innovative Financial Tech
Our tried and true software allows us to comb through your business to ensure we get the most money for your R&D spending.
Proven Track Record
After helping thousands of startups just like you earn millions in tax credits, we’ll be able to help you earn just as much in no time.
Frequently Asked Questions
While many businesses know about R&D tax credits, not many know the process of actually earning them. Below are a few FAQ’s that we’ve been able to answer for clients over the years.
A research and & development study is a document that records your business expenses that qualify for the Federal R&D Credit. The R&D Credit is a federal income tax credit that allows companies to get cash back for innovative R&D completed in the US. A study can be thought of as cheap insurance for your R&D credit claim in case the IRS ever performs an audit, saving you from having to pay back the credit plus penalties.
Claiming an R&D tax credit doesn’t require a study; however if you have payroll costs over $175,000 you’ll want a study done in order to defend against an IRS audit. This will save you money and headache in the future after claiming.
Any costs you incur when working on new products or releases can qualify as R&D credit however the product must be of significant innovation and carry some market risk for your company to develop. If a product has already been released, bug fixes and updates on existing released software are typically not eligible for R&D credit.
Let’s say you spend $500K on R&D development. The first bite of the apple is your tax deduction of $500K – this increases your taxable loss which is nice, but there is no immediate benefit until you are profitable and can offset those profits with your accumulated losses. The second bite is big, though. You can take that same $500K and throw it into the R&D Credit equation, which typically results in a 7% to 10% credit. What this means: The IRS sends you a check for $35K to $50K.
For whatever stage you’re at, we have the bookkeeping experience to help. Our clients have trusted us for years to help complete their income tax and CFO duties for years, always with industry best practices in mind. When it comes to payments, you’ll never be surprised thanks to our fixed-pricing guarantee on all engagements. Your company’s success is our number one priority and we’ll strive to make it happen.
Our income tax services include federal and state filings, as well as additional filings as needed.Lear More
Accountalent’s solution for early-stage startups not yet needing to engage an independent bookkeeping service. Our team meets with you to implement QBO and fully trains you to manage your transactions and be an expert in keeping your books in good shape, without the high cost of a bookkeeper.Lear More
For companies looking to take advantage of R&D credits, we are the leading firm in processing PATH Act R&D credits and can provide you an IRS-compliant R&D study at a predictable and fair price. We provide free consultations to discuss if a study is a fit for your startup.Lear More
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Discuss your needs with us by clicking the link below.Schedule an Appointment