NEW SECTION 174 UPDATE:
CONGRESS AGREES TO RETURN THE R&D TAX CREDIT BACK TO FULL STRENGTH
The House Ways and Means Committee recently passed a bill to fix 174 amortization, making the R&D credit more lucrative for businesses. Claiming the credit now can amount to six to seven figures of benefit.
If your company does any of the following, your business likely qualifies for the R&D credit:
- Designs or enhances products or prototypes
- Creates or improves production processes
- Develops software
We’ll discuss your eligibility and help estimate your potential tax benefit.
DOWNLOADABLE RESOURCE
The Fate of R&D Tax Credit
ERC | The Fate of ERC
Contact us to receive more information about the Employee Retention Credit
Importance of
R&D Tax Credit
The R&D Tax Credit was introduced in 1981 to increase technical jobs in America by encouraging businesses to invest in innovation. It is now the most powerful permanent tax credit available. As competition within the American marketplace continues to intensify, companies need to utilize every resource they can. This credit intends to support American innovators so they can reallocate funds back into their businesses to help with the following:
- Retaining and attracting more technical talent
- Growth strategy
- Remaining competitive
R&D Tax Credit 5 Myths and Misunderstandings
Unfortunately, only one out of twenty small- to medium-sized companies eligible for this credit take advantage of it. Here are some of the myths that hold them back:
- The tax credit is only for companies that invent something new
- This benefit is for businesses with research labs
- The credit won’t help me with my state taxes or bottom line
- It’s too good to be true
- There will be tax reform, and the R&D credit will go away
Success Stories from Our Clients
Companies already claiming the R&D Credit saved more with alliantgroup!
Contract Manufacturer
ANNUAL REVENUE:
$33 Million
TOTAL CREDITS EARNED:
$1 Million
Software Consulting Company
ANNUAL REVENUE:
$103 Million
TOTAL CREDITS EARNED:
$336,000
Architectural Firm
ANNUAL REVENUE:
$15 Million
TOTAL CREDITS EARNED:
$244,000
Our Process
1.
A risk-free, no-cost assessment
2.
Qualifying research projects
3.
Quantifying associated research expenditures
4.
Calculation of credit and drafting of substantiation
Why alliantgroup?
We are the leading experts in tax credits and incentives. Since 2002, we have helped U.S. businesses grow their operations and stay ahead of the competition. To date, we have delivered billions in refunds to over 27,000 businesses.
800+ Industry Experts
Our professionals know your business inside and out and know what qualifies to ensure the most lucrative refund. No other firm offers professionals versed in your industry.
Five Former IRS and Division Commissioners
Our former commissioners are the preeminent experts on IRS policy and ensure our practices and procedures align with the newest guidance. No other firm offers this level
of oversight.
Former Legislators
Our former policymakers understand the intent of tax law and why they apply to your business. As part of our team, they advocate for our clients and help them take advantage of federal funds. No other firm understands tax law to this extent.
WHITEPAPER
Your Checklist for R&D Providers
R&D | Providers Checklist
Please complete the form below to download the R&D providers checklist and find what will work best for your business
Why Businesses Choose alliantgroup
Hear from a client how alliantgroup helped increase his bottom line.
Let's get started today
Schedule a free consultation with our team of experts.
We’ll discuss your eligibility and help estimate your potential
tax benefit.
