Why are so many software (tech, AI, Web Development, etc.) not claiming their R&D Tax Credit?

The reason is to understand the difference between a tax deduction and tax credits. They both save you money but they do it in different ways.

Tax deductions work like expenses; they lower your taxable income.

Tax Credits reduce the amount of taxes that you owe.

Tax deductions are 3-4X more effective than tax deductions at saving your money on your tax bill.

Let me explain:

Tax Deduction: Company income $800,000. Assume taxes owed are $200,000. Your company finds $200,000 in tax deductions. Your taxable income is $600,000. with an effective tax rate of 25% your company would save about $50,000 in taxes. If you originally owed $200,000 in taxes you would not owe $150,000 after write-off/deductions.

R&D Tax Credit Study comparison:

Company income $800,000. Assume taxes owed are $200,000. Our CPA Specialty firm does the R&D study which calculates and claims an R&D tax credit of $400,000. The credit covers the $200,000 owed in taxes and the company receives a refund of $200,000. What a win for the company.

Who Qualifies for R&D Tax Credits?

The R&D Tax Credit applies to industries like Manufacturing, metal work, general agriculture and farming software Development, Technology Construction, Architecture, Engineering, Automotive, Oil and Gas and Breweries, Wine Makers …and more including dentistry!

Don’t miss this opportunity! Watch the 1-minute video (R&D One-minute explanation) to see if you qualify. We will run a FREE analysis to let you know if you do! You have absolutely nothing to lose and millions to gain! Watch the video now and start claiming what’s rightfully yours! We don't want to replace your current accounting team, CPA, etc... we want to work side by side with them to make the relationship even stronger and your business thrive!

Disclaimer: We are not CPAs or Tax Advisors. Please reach out to your tax expert for professional advice.

Uncle Dan Evertsz

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