Have You Claimed R & D Credits for Your Business Yet?

As a small-medium sized business, did you know that there are

R & D Tax Credits that you may be eligible for?

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What are R & D Tax Credits??The Government grants business owners tax credits for research and development to help the overall economy by increasing innovation.

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Businesses that claim these credits, will benefit from a lower tax liability, which in turn provides a source of cash flow for many small and medium size businesses.

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What are the benefits of the R & D credit to the business?

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• Reduces your federal & state taxes for the current year as well as future years

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• Increases your business market value and cash flow

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• Decreases your business's effective tax rate

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• Allows you to retain more of your businesses profits

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Does your business do any of the following?

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• ?Offer Employee Health Insurance?
• ?Custom design your solution over a shelf-based solution?
• ?Experiment/test new materials, supplies or chemicals?
• ?Perform any design work?
• ?Have any other locations out of City or State?
• ?Export product to other countries?
• ?Have a wholesale component to your business?
• ?Perform any training for yourself or your team via the internet?
• ?Operate as a franchise? **Franchise Fee Recovery**
• ?Improved or upgraded your website?
• ?Initiated any type of social media campaigns?
• ?Changed, adjusted or improved your eCommerce software?
• ?Made adjustments to (or create a new) business model, process or formula/product?
• ?Changed your procedures/processes?
• ?Had any risk with your business?

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These are some expenses related to R & D that qualify for the tax credit:

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• Wages paid to employees involved in qualified research & development, or who supervise or support anyone involved in R&D

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• Supplies used for research & developing new technologies ands innovations, except: land, depreciating property and land improvements

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• Third-party costs to contractors who perform qualified activities for the business, no matter the outcome or success of the research

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• Research payments to a qualified education institution or scientific research organization for qualified R & D activities

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• Costs related to developing a patent

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Project Blue is passionate about helping small and medium size businesses by bringing the best practices of Fortune 500 Companies. Prior to 2012 these best practices were reserved only for large corporations who primarily work with the top four accounting firms. That all changed when small and medium sized businesses were permanently added the tax code in 2012.

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We believe EVERY business owner should take advantage of every incentive program that they are legally entitled to.

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**We have found close to $270,000 for one popular franchise with two locations in Franchise Fee Recovery**

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Project Blue is a Professional Advocate for Business Owners!?

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Cheri Muniz

Sr. Capital Consultant

Project Blue

925-381-4754

[email protected]

cheri.bluewealthplan.com

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#businessowner

#smallbusiness

#randdcredits

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