Get 10% of Your Growth Budget Back
+ State Credits
for everything you spent to advance your business – but some of those dollars are leaving soon!
Get Dollars You're Due.
Each cent you spent on R&D the last 3 years qualifies you for credits that countless businesses either don’t know about — or mistakenly believe they aren’t eligible for. And 2020’s credits are about to expire.
95% of Eligible Businesses never receive their R&D Tax Credits.
All money used to develop or enhance your processes and products count for this credit. So, why are you just hearing this now? Truth is, lacking info and CPA oversight lets countless credits to go to waste.
0%
of small businesses overpay on taxes.[Government Accountability Office]
0%
overpay by an average of $5,000.[National Society of Accountants]
0%
of businesses leave tax credits unclaimed.[H&R Block]
$0B
in annual refunds went untouched.[Internal Revenue Service]
Congress made Research & Development Tax Credits a staple in 2015, initiating one of the most profitable U.S. refunds ever. Any business that pays to improve is eligible, meaning you are too! But these funds have a time-limit.
Claim Every R&D Tax Credit You Can
Don't Miss Your R&D Tax Credit
6 Lucrative R&D Reality Checks
There’s no limit to these yearly Tax Credits; so you’ll get 10% of everything spent on R&D back.
But when December 31st passes, each business yet to claim their R&D Tax Credits will lose access to another year of eligible refunds. To avoid losing out and get all you’re owed, take the following tax credit tips to heart:
#1 – You Most Likely Do Plenty R&D Already
Did you know companies that aren’t R&D focused—or who don’t even have a dedicated R&D department—can still get R&D Tax Credits?
Qualifying R&D activities are more common than most expect. From spending in test kitchens to manufacturing floors, whether internal or customer-facing, if spending has upgrade-intention it counts as R&D. Even worker salaries and supplies can be included.
Best of All: R&D activities don’t have to innovate your industry to count for credits, or even bring successful results. They just need to be for advancements to your business.
$0
Minimum Return for Most Qualified Businesses[Finances Made Simple]
$0
BILLIONFederal R&D Funding for Businesses in 2020[Congressional Research Service]
#2 – Some of Your R&D Returns Probably Expired
Have you been in business for over 3 years, but have yet to claim R&D Tax Credits? If so, we’re sorry to be the ones to say it: You’ve missed out on money.
While R&D credits can be claimed 3 years back, the end of every calendar year is a cut-off date for any spending prior to that time.
But at Least: While R&D Tax Credits only reach back 3-years, they carry on for 20 more. Act now to ensure R&D credits you can claim, but can’t use yet, don’t get left behind.
$0
BILLIONR&D Credits were owed in 2019[Congressional Research Service]
$0
BILLIONR&D Credits went unclaimed in 2019[Congressional Research Service]
#3 – Your CPA Won’t Tell You About This
Did your Certified Public Accountant (CPA) tell you about the hefty R&D Tax Credit you’re eligible for? Didn’t think so.
CPAs have a bad habit of not speaking on good opportunities like this if they aren’t capable of filing for it themselves. The same goes for countless other Tax Credits too.
Expect CPA Oversight: Smart CPAs will keep you from filing tax errors, but don’t expect them to point you to all the lucrative Tax Credits they aren’t prepared to chase down.
0%
of Businesses Miss Credits CPAs Don't Cover[TaxTaker Accounting]
$0
PER HOURAverage Business Spend for CPA Services[Lendio Business Finances]
#4 – Not All States Give You More (But Most Do)
Do you live in a state that encourages R&D? If you’re lucky enough to find yourself in one of the 36 that do, there’s more money to gain.
All U.S. businesses can get 10% of their R&D spending back. However, some states offer additional credits that can dramatically increase your returns. The specifics vary by location.
Some State Examples: California offers 15% for all R&D activity, Arizona gives 24% for your first $2.5 million spent and 15% forward, while Louisiana gives 30% for R&D if done in-state.
0
States That Offer Extra R&D Tax Credits[Alvarez & Marsal Consulting]
0
States That Only Allow Federal Credits[Alvarez & Marsal Consulting]
#5 – Start-Ups Have More Credits to Claim
Is your business considered a start-up? If so, you can also use R&D Tax Credit benefits to offset your payroll taxes by up to $500,000 for up to five fiscal years.
The U.S. Government has a vested interest in the success of local start-ups, so in addition to their 10% refund for R&D activity they can file for even greater returns.
Double from 2022: The previous limit ($250,000) was multiplied from 2023 as part of Congress’ Inflation reduction act, giving start-ups massive R&D Tax Credit opportunity.
$0
Offset from Annual Start-up Payroll Taxes[National Small Business Association]
0
TIMESthe R&D Tax Credit Potential after 2022
[Internal Revenue Service]
#6 – Tax Strategists Bring Your Best Solutions
Tax code complexity is the top driver behind all the credits businesses tend to miss. From hours lost, to accidental overpayments and CPA oversight—tax complexity is an easy drain on your business.
In 2022 over 6 billion hours went to navigating tax compliance alone—and that’s before error fixes.
(More than 50% of tax filing had mistakes according to the U.S. Government Accountability Office).Better Options Exist: It’s easy to make mistakes when filing for R&D Tax Credits, and nobody wants unwanted IRS scrutiny. But tax strategists are experts at obtaining every credit you’re due through flawless filing. They’ll not only get your past three years of R&D refunds, but each future return too.
0%
of Businesses Call Tax Codes "Too Complex"[National Small Business Association]
0%
of Business Owners put 80+ Hours in Taxes[Clutch Business Data]
Tax Credit Our Partners Received
Finances Made Simple works to ensure businesses of all kinds get every Tax Credit dollar they’re due. Here’s just a few snapshots of the yearly R&D Tax Credits we’ve facilitated:
$148,000 - Dentist
$18,000 - Printing Company
$1,200,000 - Agriculture Farmer
Receive Your Entire R&D Tax Credit
Collecting your maximum R&D Tax Credit is a cinch when you have the right partner.
It starts with a 2-minute survey.
We cover each step to give your business:
Access to your Full R&D Tax Credits
Filing for Unclaimed & Future Years
Exclusive 60-day Status Checkups
Every Other Tax Credit You Deserve