Claim your R&D Tax and Employee Retention Credit Today!
Get the most out of your business by claiming your R&D Tax and Employee Retention Credit today! By taking advantage of these tax credits, you can significantly reduce your tax burden while investing in the future of your company.
Reduce your tax burden while investing in the future of your company
R&D Tax Credit
The R&D Tax Credit is a powerful tool that can help businesses lower their income tax liability, receive cash refunds for taxes paid within the last three years, and even offset payroll tax obligations.
While many businesses may think they don't qualify, the truth is that numerous everyday business operations are eligible for dollar-for-dollar Tax Credits, regardless of industry or size.
Several states have even introduced their own versions of the R&D Tax Credit, allowing businesses to harness both federal and state benefits. Thanks to the Protecting Americans From Tax Hikes (PATH) Act, the R&D Tax Credit is now a permanent fixture with an expanded scope of eligibility.
To claim the R&D Tax Credit, an activity must meet a comprehensive 4-part test that validates the research endeavor.
Employee Retention Credit
The COVID-19 pandemic caused significant hardships to businesses and their employees, but thankfully, the Employee Retention Credit (ERC) can help.
The ERC is a refundable tax credit that rewards businesses for keeping employees on payroll during the pandemic by providing a tax credit for qualified wages and expenses paid.
Introduced under the CARES Act, this incentive offers much-needed relief to businesses that have been impacted by the pandemic.
If your business has less than 100 employees and paid qualified wages between March 12, 2020, and January 1, 2021, you may be eligible to claim the credit in 2020. For 2021, businesses with less than 500 employees can potentially claim the credit for qualified wages paid between Jan. 1, 2021, and Oct. 1, 2021.
To discover if your business qualifies for this tax credit, request a complimentary consultation with one of our specialty tax credit associates.
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