What is R&D
The research and development tax credit was originally created as part of the Economic Recovery Tax Act of 1981 and was made permanent with the Protecting Americans from tax Hikes Act of 2015. This credit is intended to promote domestic investment in research and development activities and is available to companies with increased levels of qualified research expenses. In most cases, the credit can be equal to 14% of your qualified research expenses and can often save taxpayers thousands of dollars for simply documenting activities that are performed on a daily basis. Do not pay the IRS more than you should. Let PriceKubecka help you document these activities and put those tax dollars back in your pocket.
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Qualified Research Activities (QRAs)
The Discovering Technological Information Test
The Business Component and Permitted Purpose Test
The Process of Experimentation Test
Qualified Research Expenses (QREs)