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Get a cash refund

if you’re spending money on innovation

If your company is carrying out research activities in software, aerospace, robotics, genetics, biotechnology, AI, automation, engineering consulting, materials, chemical or oil & gas, this is for you!

What is the R&D tax credit?

The R&D tax credit is a general business tax credit available to any company that incurs R&D costs in the United States. It is normally applied to income taxes in the current year (or carried forward to future years) but for most startups, it can also be used to offset payroll taxes.

R&D activities must meet the Four-Part Test for R&D eligibility
  • Technological in nature
  • Developing something new in company’s field of expertise
  • Process of experimentation
  • Elimination of uncertainty
Is the R&D tax credit only a credit or will I be able to get a cash refund from the IRS?
Is the R&D tax credit only a credit or will I be able to get a cash refund from the IRS?

If you are profitable and have paid your income taxes for the year, you can receive a cash refund from the IRS when you file your tax returns with an R&D claim

If you are profitable and have paid your income taxes for the year, you can receive a cash refund from the IRS when you file your tax returns with an R&D claim

What do you need to claim the R&D tax credit benefit?

There are a number of steps:

  1. Identify eligible R&D projects and expenses for the taxable year
  2. Calculate the R&D tax credit benefit
  3. Fill out form 6765 and any state forms
  4. Prepare backup documentation
  5. File the R&D tax credit claim along with the tax returns

The credit is a 6% minimum but our clients see an average credit of 10% on qualified R&D expenses

At Boostr we help companies
maximize their R&D tax credits

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Keep in mind!
Tax season is coming up