Don’t leave money on the table. Does your SMB qualify for R&D tax credits?

If so, you may qualify for one of America’s largest federal tax incentives: the R&D tax credit!

The tax credit allows eligible companies to claim up to 7 to 10% of their qualified research expenses.

TriNet clients may be eligible to receive their tax credits faster than through traditional methods, with the option for real-time offset of their tax credits against their payroll tax liabilities on each payroll run, or through an installment program.

Many SMBs are not taking full advantage of the tax credits available to them. Experts from TriNet Clarus R+D break down the types of corporate tax incentives available, such as R&D, recent changes in legislation that have expanded the credit offerings and best practices for qualifying and claiming the credits.

Essentially, the R&D tax credit was created and designed to encourage innovation and allow companies to receive money back for work that they’re already doing. Many businesses are eligible for the R&D tax credit but don’t realize it. Examples of industries that often qualify include software, biotech, manufacturing, and more. Taking full advantage of the R&D tax credit can mean an increase in cash flow and a decrease in effective tax rate.

Built directly from the IRS Audit Technique Guide, our proprietary software calculates your tax credit in real time while creating documentation to support your claim. It integrates with most major payroll providers to facilitate easy updating of required documentation. Plus, each study is reviewed by R&D tax credit experts with Big 4 experience to help ensure defensibility.