The Research and Development (R&D) Tax Credit is one of the most valuable incentives available to businesses, offering the potential to save up to $250,000 annually. Despite its significance, many companies overlook this opportunity, assuming they don’t qualify or that the process is too complex. Here’s why your business might be missing out on R&D tax credits—and how Renaissance Advisory can help you claim what’s yours.

What Is the R&D Tax Credit?

The R&D Tax Credit is a federal incentive designed to reward businesses that invest in innovation. Whether you’re creating new products, improving existing ones, developing software, or enhancing internal processes, your activities might qualify. This credit isn’t just for large corporations—businesses of all sizes in various industries can benefit.

Why Businesses Miss Out on R&D Tax Credits

• Misconceptions About Eligibility
  Many businesses think the R&D tax credit only applies to tech companies or major corporations. In reality, any business engaging in qualified research activities—including manufacturers, software developers, and even food processors—can take advantage of it.

• Complex Regulations
  Understanding the intricate requirements of the R&D tax credit can be daunting. Qualifying activities must meet specific criteria, and gathering the necessary documentation is often time-consuming.

• Lack of Awareness
  Some businesses simply aren’t aware the credit exists, especially if their tax preparer doesn’t specialize in identifying and applying for R&D credits.

How Renaissance Advisory Helps Your Business Claim R&D Credits

At Renaissance Advisory, we specialize in helping businesses like yours unlock the full potential of the R&D tax credit. Here’s how we make the process easy and risk-free:

• Expert Guidance: We identify qualifying activities you may not realize meet the requirements.

• Streamlined Process: Our team handles all the paperwork and ensures compliance with IRS regulations.

• 100% Contingency-Based: There are no upfront costs or risks—we only get paid when you receive your savings.

Don’t Leave Money on the Table

If you’ve invested in product development, software, or process improvements, you could be eligible for significant tax savings. Renaissance Advisory simplifies the process, so you can focus on innovation while we maximize your savings.

Ready to see how much you could save? Contact us today for a free consultation.