Research & Development Tax Credit (R&D)
for 2020 and 2021
Money for your company
A TAX CREDIT FOR WORK YOU’VE ALREADY DONE
Companies claim billions in R&D tax credits each year, but most still go to large corporations. Now startups and SMBs can take advantage of America’s biggest tax incentive.
COMPANIES HAVE ACCESS TO A NEW FORM OF NON-DILUTIVE CAPITAL THAT NEVER EXISTED BEFORE
Fuel your growth by continuing to invest in technology-based innovation.
New ways to monetize
ItS Here to stay
A tax savings scenario
A tech startup based in San Francisco raises $4M to develop smart dental technology & insurance products. In 2020, $1.16M of this capital is spent on qualified innovation activities as follows:
SALARY AND WAGE EXPENSES
Often the largest component; (1) W-2, Box 1, for research, direct supervision, direct support; must be US based
THIRD PARTY EXPENSES
Performed by non-employees and contractors; 65% of contract research expenses may be eligible
Non-depreciable, tangible personal property used in development activities, generally consumed or destroyed during process
TOTAL R&D SPEND
CREDIT AMOUNT* $116,715
*For most companies the credit is 10% of qualified research expenditures.
Do you qualify?
Sample of Qualifying Businesses
Computer science based product/service development
Discovery and design of new materials, particularly solids
Agriculture, food production, medicine
Mobile, manufacturing, and medical
Innovative or novel materials development
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Schedule a free consultation with our team of experts to learn more. We’ll discuss the R&D tax credit and help you determine if our solution is a fit for your company.