Research Tax Credit

Developing new Technologies and the Research Tax Credit

Though widely used throughout the technology sector, the research and experimentation tax credit (“R&D credit” or “R&E credit”) is applicable to various companies and organizations involved with developing or funding new technology or processes. If your company is involved in developing new technologies, new processes, prototypes or patents, your company may qualify for the research and experimentation tax credit. This credit may also be applicable if your company has designed a new manufacturing facility or if your business is dependent on trade secrets or proprietary information.

The federal research and experimentation tax credit is a 20 percent credit and is applicable to qualified research expenditures. In addition to the federal tax credit, some states offer similar incentives and credits as well.

Miller Kaplan’s tax professionals will work with you to calculate the research and experimentation tax credit in order to capitalize on these tax saving opportunities.

If your company has been directly involved with developing new technologies, contact us online or call us at (818) 769-2010 to find out if you qualify for a research and experimentation tax credit.