R&D Tax Credits

R&D tax credits are government incentives that provide businesses with tax breaks or refunds as a reward for investing in research and development activities, encouraging innovation and technological advancement.

The Research and Development Tax Credit (R&D Tax Credit) is one of the most significant tax incentives available to taxpayers. It is also a program most companies are unaware is available to reward their day-to-day activities that produce or improve a product, process, technology, or system.

Almost all industries, with new changes to the program, qualify for the R&D credit. The R&D Credit is a government-sponsored benefit that provides cash incentives for companies conducting R&D in the U.S.

EIAG’s R&D Tax Credit Practice Group will help you determine if you qualify— at no cost. Once it is determined a company is eligible; EIAG will

  • interview personnel involved in R&D,

  • develop written memorandums of qualified activity

  • report development, and the final delivery report, which provides the supporting documentation to claim the credit.

*Congress has made the R&D Tax Credit permanent. Additionally, the two following changes are substantial: (1.) Qualified businesses can claim the R&D Tax Credit and apply it towards payroll taxes (essentially making it refundable.) If you qualify, you will lower your 2017 labor costs significantly. (2.) The credit can be applied against a business’s AMT.