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Tax Credits for Research and Development May Be Available to You

Common R&D Industries Include:

 Software & App Development
 Scientific/Professional sub-groups
 Other Employers

Examples of R&D Activities

 Developing software/coding to use internally or sell
 Researching product and material alternatives
 Developing/designing new products, processes, formulations, systems
 Developing new/improved manufacturing processes
 Developing prototypes or pilot models
 Hiring 3rd party employees to develop software on their behalf
 Modifying or redesigning existing processes or systems
 Developing or applying for patents for products/processes
 Directly supporting/supervising research activities
 Purchase of supplies to support R&D activities

Do you qualify for R&D (or other) tax credits? If anything below applies to you, please contact us for assistance on claiming your credits.

R&D Tax Credits

You’re implementing a new product or process
You employ multiple engineers, software developers or hard scientists (chemists, biologists, etc)
You purchased new machinery or equipment
Your primary industry is: manufacturing, machine shops, tools and dies, foundries, software design, agricultural, pharmaceutical
You have federal and/or state income tax liability

Job Tax Credits (Varies by State)

Client added/plans to add at least 20 net new, full time jobs
Client does not work in the retail / service sector
Client has income tax liability in State of job creation

Training Tax Credits (Varies by State)

Client undertook significant employment training for 75-100 employees during the year
Client has income tax liabilty in State of training

WOTC (Work Opportunity Tax Credit)

You hire 150 or more employees each year (replacement or new employees)
You’re in retail, hospitality and/or food service
You hire low income employees, veterans or ex-offenders
Client has federal income tax liability

Need help claiming tax credits?