Did you know that while more than 14,000 U.S. companies claim federal R&D credits annually, less than 33% of companies that qualify for the credits actually apply for them.

Many companies are unaware of the vast amount of business activities that qualify them for Research and Development (R&D) Tax Credits programs the government offers. Without the proper knowledge many companies fail to get the credits they deserve, every year.

To qualify for the Research and Development (R&D) Tax Credit, an activity must meet all four items of the “Four-Part Test”. The IRS Four-Part Test requires:

  1. a new or improved business component (product, process, technique, invention, formula or software)
  2. the business component to be technological in nature
  3. some kind of elimination of uncertainty
  4. a process of experimentation

Many companies self-censor themselves incorrectly assuming that research and development is limited to laboratories and scientists. Companies are unaware that they DO in fact qualify for R&D tax credit programs because a wide range of common activities will qualify them for credit under the IRS definition described above.

The R&D tax credit is an opportunity too good to be overlooked. Our experts at BRS have helped numerous businesses across a wide-range of industries to identify, qualify and quantify their R&D activities.

Here are just a few of the industries we have worked with over the last 25 years:

  • Accounting
  • Manufacturing
  • Software & technology
  • Life Sciences
  • Architecture
  • Engineering
  • Construction
  • Agriculture
  • Food and Beverage
  • Mechanical, Engineering and Plumbing Contracting

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Fill out the form on this page to learn more about the benefits of R&D tax credits, and a member of our team will be in touch with you. You may also call us at 781-640-6610.