Research & Development

About The Service

The Research & Development (R&D) Tax Credit was signed into law by Congress as part of the Economic Recovery Tax Act of 1981. The purpose of the credit is to encourage American industries to invest in innovation and creativity, and to stimulate economic growth through tax incentives.

The PATH Act of 2015 made the R&D Tax Credit permanent, as well as opened it up to Startups and Small Businesses.

Who Qualifies

While the traditional definition of R&D may include white labcoats, the tax definition expands much further. Anytime a business makes changes or improvements to a product, design, or development process, the related activities could be earning the business tax credits. Qualified industries include:

  • Manufacturing
  • Fabrication
  • Engineering
  • Software Developers
  • Chemical
  • Tool and Die
  • Machine Shops
  • Pharmaceutical
  • Biotechnology
  • Food Sciences
  • And more...

Maximize Your Federal R&D Credit

The Research & Development Tax Credit can make a significant impact on your federal tax liability. Use our calculator to find out how HIREtech can maximize your R&D Tax Credit through our Project-by-Project methodology.

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This state has no credit.
Approximate Credit Range $26-$39 Year One
Approximate One-Year Credit $33 2016 Credit
Approximate Five-Year Credit $198 2016-2020 Credit

R&D TAX CREDIT

Benefits

  • $1 for $1 reduction of federal tax liability
  • Carryforward up to 20 years
  • Go back three open tax years to claim a refund
  • CPA Support – We work directly with your CPA to help you claim these credits. Similar to medicine, if your CPA is the General Practitioner, HIREtech is the neurosurgeon.
  • FREE Audit Defense is included with all technical services – We stand by our work.

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