changes to the RESEARCH &
DEVELOPMENT TAX CREDIT
more opportunity for innovative companies
While many companies are still unaware that the Research & Development (R&D) Tax Credit exists it has been around since the early 1980s. Recent changes to the program have been made to allow more activities that qualify and include many more companies to use the credit than before. Congress created the credit as a way to retain talent and encourage growth in innovative companies within the United States. The R&D Tax Credit was designed to reward companies continuing to innovate within their industry. The R&D Tax Credit is a dollar for dollar credit that companies can use to increase cash flow and spend the savings however the company sees fit. Businesses nationwide look to BTI to perform a thorough analysis of their R&D activities in order to maximize the tax credits and document them to use in the event of examination.
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Click below to see if your company can receive credits.
INCREASE CASH FLOW
By recovering funds on previous research projects companies are able to accelerate new innovation projects and significantly minimize tax payments on a go forward basis leaving more money in the business.
REDUCE TAX BILLS
The R&D tax credit was designed for innovating companies that continue to improve capabilities. The program allows many companies to generate large credits and significantly lower tax bills.
COST RECOVERY
Not every company is claiming the their maximum R&D tax credits. By maximizing your credits you achieve lower research costs ultimately giving your company a competitive edge.