The Kuhler Tax Credit team has been spending time in DC tracking the “tax extender package” activity. The “tax extenders”, which includes the Research and Development Tax Credit, is a tax relief package that helps companies reduce their tax liabilities from different investments incurred throughout the calendar year. Once passed, the package will extend or make permanent approximately 50 temporary tax breaks that have or will expire.
Kuhler Tax Credits is known for our expert monitoring of R&D and tax code legislative changes, ensuring our clients receive maximum benefits year after year.To learn more about the advantages of the Research and Development Tax Credit, visit the Kuhler Tax Credits website www.kuhler.com or email us at info@kuhler.com.
About Kuhler Tax Credits: Based out of San Francisco and Orange County, Kuhler Tax Credits is a full-service Research & Development Tax Credit provider that significantly reduces federal and state tax liabilities. Whether a company is profitable or not, this service ultimately increases market value, acquisition potential and bottom line—ultimately adding cash back into the business and guaranteeing its place in the competitive marketplace.
Technological in nature
The research and activities must be based on one or more of the following sciences:
Engineering: Architecture, Defense Contracting, Engineering (All Disciplines), Telecommunications, and Aerospace.
Software: IT/Software Development, Startups, Website Advertising and Marketing, and Internet Applications.
Manufacturing and Design: Apparel & Textiles, Brewing, Distillery, Winemaking, Consumer Food and Beverage, Foundry/Metals/Mining, Manufacturing, Oil and Gas, and Semiconductors.
Environmental & Life Sciences: Agriculture/Farming, Life Sciences, Medical Devices, Pharmaceutical, Waste Management, and Recycling.
Intended to eliminate uncertainty
The QRAs must intend to eliminate uncertainties concerning the development or improvement of a product, process, technique, invention, formulation, or software. In our experience, any of the following uncertainties qualify:
Capability Uncertainty: Can we do it?
Methodology Uncertainty: How can we do it?
Design Uncertainty: What is the correct design to achieve the goal?
Process of Experimentation
The process of experimentation is identifying and evaluating alternatives, performing trial and error experiments, and testing results. The IRS also considers “process of experimentation” when a candidate creates prototypes, models and simulations. Any failed projects, technological in nature, are also considered part of the process of experimentation.
If your company fulfills all of the “Four-Part Test” criteria visit the Kuhler Tax Credits website www.kuhler.com or email us at info@kuhler.com for more information on how we can increase your company’s market value and boost its bottom line through the Research and Development Tax Credit.