Get Up to $500,000

The Research and Development (R&D) tax credit encourages innovation by rewarding companies that invest in research, talent, and growth. Even projects with incremental improvements can qualify for this tax credit.

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R&D Tax Credit Services

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R&D Tax Credit Calculation

Engineering evaluations and accurate credit calculations for companies that meet the qualification guidelines, but either don’t invest heavily in R&D or prefer to shoulder more of the audit risk.

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Payroll Tax Offset Study

For companies that meet the definition of an eligible small business, Sensiba provides an escalating level of due diligence based on your credit amount. Companies with less than $5 million in gross receipts may be eligible to elect the powerful payroll tax offset option for up to five tax years.

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Full R&D Tax Credit Study

A fully customized approach to maximizing and audit-proofing your R&D tax credit claim. Sensiba engineers will collaborate with your subject matter experts to evaluate projects, quantify the associated expenses, and develop a plan to maximize your credit amount.

Frequently Asked Questions

Learn more about our research & development tax services

 

What is the R&D tax credit?

The R&D tax credit is an incentive designed to encourage commercial investment in innovation. By offering a tax credit, the government hopes to stimulate research and development that leads to within various industries technological advancement and economic growth.

Who qualifies for the R&D tax credit?

Generally, any business can qualify for the R&D tax credit if they conduct research activities that meet criteria outlined in the legislation. This can include promoting innovation, reducing uncertainty, or fostering experimentation.

What types of activities qualify?

Qualifying activities must:

  1. Attempt to create or improve a product or process, software, or formula
  2. Involve a significant level of uncertainty
  3. Include a systematic approach to experimentation
  4. Be conducted for a permitted purpose.
Can a startup that doesn’t intend to pay taxes for years benefit?

Startups and small businesses can take advantage of the R&D tax credit. There are provisions that allow startups to use the R&D credit to offset payroll taxes instead of income taxes.

What documentation is needed to claim the credit?
Companies must document wages, supplies, and contract research expenses, as well as the qualified research activities they conducted.

Our R&D Leadership Team

Cole Marr
Tax Partner
Ariane Woods
Research & Development Manager

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