https://k38consulting.com/rd-tax-credit-guide/
If your business invests in product development, software, engineering, or process improvement, you may qualify for the R&D Tax Credit.This federal incentive reduces your tax bill dollar-for-dollar — not just taxable income. Many companies recover 5–10% of qualified R&D spending. You qualify if your work improves functionality, relies on technical principles, involves uncertainty, and requires experimentation. Startups can benefit too. Qualified small businesses can offset up to $500,000 per year in payroll taxes — even without income tax liability. Eligible expenses include wages, testing supplies, and 65% of contract research costs. Many companies miss this credit or underclaim it. If you innovate, you should evaluate the R&D tax credit.
K-38 Consulting
City: Raleigh
Address: 3809 La Costa Way
Website K-38 Consulting
Phone +1-910-262-4412
Email dalford@k38consulting.com
