Unlock Big Savings and Fuel Your Growth with R&D Tax Credits

Claim a Tax Credit that rewards your business’s innovation, helping you recover costs and reinvest in future growth.

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What is the R&D Tax Credit?

The R&D Tax Credit is a dollar-for-dollar tax reduction that lowers your company’s federal and state tax liabilities. Available to businesses of all sizes, this credit supports companies that are developing or improving products, processes, or software. It’s a powerful financial incentive, allowing you to recover some of your R&D expenses and reinvest them to drive future growth.

Do You Qualify?

Your business may qualify for R&D tax credits if it meets any of these requirements. Eligible expenses can be claimed for the last three tax years (2021, 2022, and 2023) and carried forward up to 15 years, providing flexibility for a wide range of industries.

Product or Process Development and Improvement

Developing a new product or refining an existing one, including improvements in design, functionality, performance, or quality.

Software Development

Investment in software development, whether for internal use or external sale, may also qualify.

Experimentation and Prototyping

Activities like experimenting with new designs, materials, or technologies to improve products or create new ones are often eligible.

Benefits of the R&D Tax Credit

Immediate Tax Savings

The R&D Tax Credit offers direct, dollar-for-dollar tax savings that reduce your tax bill.

Reinvest in Your Business

Free up funds to reinvest in your business, enabling future growth and innovation.

Encourage Continued Innovation

This credit reduces the financial burden of R&D, empowering you to keep improving without added cost concerns.

See Our Success Story

Case Study: Real Savings in Action

A software firm was missing out on potential savings with $1.2M in annual R&D expenses. Without resources to properly document their innovation activities, they hadn’t captured the R&D credits available to them.

Our Approach:

After assessing their projects, we identified $850K in qualifying R&D expenses
We helped them claim $200K in tax credits, reducing their tax liability and freeing up capital for further product development.

Result:

The tax savings allowed the firm to reinvest in new initiatives, positioning them for continued growth and competitive advantage.

How Renaissance Advisory Can Help

Navigating R&D tax credits can be complex, but Renaissance Advisory simplifies this process, making sure you receive the full benefit of the credit:

Identify Eligible Activities

We help you uncover qualifying R&D activities and projects.

Maximize Your Credit

Our specialists ensure you capture the maximum allowable credit.

Streamline the Process

From documentation to filing, we handle it all, making the process seamless and stress-free.

Contingency Payment: We work on a contingency basis, meaning we only get paid if you do.

Easy 3-Step Process to Apply

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3 Testimonials

"Incredible Expertise and Substantial Savings"

The team at Renaissance Advisory identified R&D credits we didn’t even know we qualified for. They helped us save hundreds of thousands in taxes. Their expertise was invaluable.

"Professional and Easy Process"

Working with Renaissance Advisory was seamless. They guided us through the R&D tax credit process, making it easy and stress-free. Highly recommend!

"Exceptional Results with Clear Communication"

Renaissance Advisory’s team walked us through every step and uncovered significant tax savings we’d overlooked. Their knowledge and communication were top-notch.

The Top R&D Activities That Qualify for Tax Credits

Understanding the Impact of R&D Tax Credits on Innovation

Maximizing R&D Tax Credits for Small and Medium Businesses

Frequently Asked Questions

Who is eligible for the R&D tax credit?

Any U.S. business developing or improving products, processes, or software may qualify, including startups and small businesses.

What expenses qualify for the R&D credit?

Qualifying expenses generally include costs related to development, design, engineering, and research.

How much is the R&D tax credit worth?

The credit typically ranges from 6% to 14% of eligible R&D expenses, depending on the calculation method (Regular Credit or Alternative Simplified Credit).

Do you provide audit support?

Yes, we offer audit support if your R&D credit claim is reviewed by the IRS.

Can startups and small businesses claim the R&D tax credit?

Yes, even startups can offset up to $250,000 of payroll taxes with the credit, regardless of profitability.

What’s the biggest challenge in claiming the R&D credit?

Maintaining documentation is key. Companies need detailed records of R&D activities, including time tracking, purpose of research, and methods used.

Is a dedicated research department required?

No, R&D activities can qualify even if they are not conducted by a dedicated research team.

Is the R&D credit only for “Big Tech” or scientific companies?

Not at all. The credit applies across industries like manufacturing, construction, agriculture, and more.

Get Started Today

Don’t miss out on potential savings. Contact Renaissance Advisory to learn how we can help your business take full advantage of the R&D Tax Credit. Our team is ready to guide you through the process, ensuring you maximize your savings and continue to innovate confidently.