Qualifying R&D expenses and/or activities are those which pass this four-part test:
Technical uncertainty. The activity is performed to eliminate technical uncertainty about the development or improvement of a product or process, which includes computer software, techniques, formulas, and inventions.
Process of experimentation.The activities include some process of experimentation undertaken to eliminate or resolve a technical uncertainty. This process involves an evaluation of alternative solutions or approaches and is performed through modeling, simulation, systematic trial and error, or other methods.
Technological in nature.The process of experimentation relies on the hard sciences, such as engineering, physics, chemistry, biology, or computer science.
Qualified purpose.The purpose of the activity must be to create a new or improved product or process, including computer software, that results in increased performance, function, reliability, or quality.
Unlimited, if applying the R&D credit against income taxes. These credits can range between 5% and 15% of qualifying R&D costs. If taking the PATH Act R&D credit, a company can receive up to $250k against payroll taxes and take the remainder against income taxes.
Yes, we can help you file an amended tax return to claim the R&D credit for previously filed Income Tax returns (past 3 years), but you cannot take the PATH Act R&D credit on an amended tax return.
OnCentive simplifies the process of identifying and qualifying for business incentives and tax credits; maximizing your business’s profitability, and putting your hard earned money back in your hands so you can use it to grow your business.
OnCentive’s leadership's 100 years of combined tax experience, coupled with our risk-free model is why thousands of hard-working business owners trust OnCentive experts to recover more than $1.5 billion in tax, hiring, and other business incentives.
Our profitability is tied with yours. We work off 100% success fees which means we are motivated to find the maximum credits your business can qualify for.
You will be provided with an Comprehensive Report, explaining the credit your company received, the calculations for what was determined and the proof for the money you get back.
In the unlikely event that your credit is ever contested, the OnCentive team will defend our work and will fully refund any credits that are disallowed.
Our leadership has over 100 years of combined tax experience. With 1.5 billion in incentives captured and $0 returned to the IRS, you are in good hands with OnCentive.
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