Research and Development Tax Credit for Architecture Firms
The Research and Development tax credit is a federal incentive for all US Businesses that engage in research and development activities. Some businesses engage in these activities more than others, and architecture firms are among one of the top placeholders. Claiming these on your taxes will give you more money to reinvest in your business. […]
R&D Tax Credits for Architecture / Engineering
Architecture / Engineering Architecture firms that work on projects that invest in energy efficiency and other day-to-day operations could be saving money through the tax incentives available to them. Many firms are frequently unaware they could be taking advantage of the R&D tax credits they qualify for. National Tax Group allows those companies to […]
R&D Tax Credits for Chemical Pharmaceutical Companies
Chemical Pharmaceutical Companies Companies within the chemical pharmaceutical industry are constantly investing money into the development and improvement of their formulas, drugs, and products by taking innovative steps to stand out in an industry that is rapidly growing and pushing out new discoveries. The Research and Development Tax Credit allows companies to offset their research […]
R&D Tax Credits for Computer Science Companies
Computer Science Companies The computer science industry is incredibly broad, with a wide variety of software and processes always being developed. Computer science companies are constantly pouring money into the development and improvement of processes and products, and most companies within the industry are eligible to take advantage of the Research and Development Tax Credit […]
R&D Tax Credits for Telecommunication Companies
Telecommunication Companies Many companies within the telecommunications industry are performing research activities that entitle them to possible R&D tax credits. Due to the growing nature of the industry, research and development activities performed to improve the products, processes, and software of a company could qualify them for the lucrative credit. Qualifying activities include Developing custom […]
R&D Tax Credits for Education Technology Companies
Education Technology Companies Companies that work in the education technology (EdTech) space are able to claim R&D tax credits for performing qualifying research activities with the intention of creating or enhancing the learning experience. Due to the rapidly increasing price of education, Edtech companies are offsetting the costs spent on creating innovative technology with R&D […]
R&D Tax Credits for Financial Service Companies
Financial Service Companies Companies within the financial services industry are able to reap the benefits of R&D tax credits as a reward for their research activities. Many companies are performing qualifying activities daily to improve and develop their products, processes, software, and technology that qualifies them for R&D tax credits. Qualifying activities include Automating manual […]
R&D Tax Credits for Automotive Companies
Automotive Companies Companies within the automotive industry are able to qualify for R&D tax credits for the qualifying research activities and steps they are taking in order to make products and processes more efficient and environmentally friendly. This lucrative tax credit is sometimes overlooked because the qualifying activities often take place in the plant or […]
R&D Tax Credits for Apparel and Textile Companies
Apparel and Textile Companies Companies within the apparel and textile industry are able to qualify for R&D tax credits for steps that are taken to improve or develop existing products, and manufacturing processes. Many companies are performing qualifying activities in their day to day operations already, including the construction of dye formulas, fabrics, waterproof clothing, […]
R&D Tax Credits for Startup Companies
Startup Companies Startup companies have been shutout in the past from obtaining R&D tax credits due to lacking tax income liabilities. Thanks to a 2016 provision made to the credit broadening the variety of industries that are able to qualify, startup companies are able to reap the benefits of R&D for their efforts in creating […]