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About Us

Solutions

We help clients maximize tax credit savings through expert guidance and a range of services tailored to their needs, ensuring compliance and optimizing benefits.

Resources

CPA Services

CPA Partners

Source Advisors offers tailored solutions, focusing on speed, responsiveness, and flexibility to optimize clients’ tax strategies and maximize returns, fostering lasting relationships.

Our list of service line collaterals created for CPAs

Upcoming conferences, workshops, and webinars

Key tax strategies that can improve cash flow, free up capital, and fund future projects

Stay up to date with industry developments with Source Advisors’ CPE Courses

Stay ahead of the curve with our technical updates. From changes in tax legislation to updates on tax credits.

Resources

Source Advisors offers a comprehensive range of resources designed to help clients maximize their tax credits savings for their businesses.

Upcoming conferences, workshops, and webinars

Stay ahead of the curve with our technical updates. From changes in tax legislation to updates on tax credits, we’ve got you covered

Access our library of informative guides on various tax topics

Explore articles written by industry leaders on all our service lines

Learn from real-world examples to understand how we’ve helped our clients navigate various complex tax situations

Businesses of all sizes and industries can reduce federal income taxes for qualified research expenses

About Us

Trust, integrity, and hard work are core values that have driven our success and created partnerships with many of the nation’s most prominent accounting firms, associations, and Fortune 1000 companies.

Our people are our greatest asset.

Community outreach and philanthropy.

Join the Source Advisors family! Check out our open positions.

Company updates and press releases

Solutions

CPA Services

Resources

About Us

Solutions

We help clients maximize tax credit savings through expert guidance and a range of services tailored to their needs, ensuring compliance and optimizing benefits.

Resources

CPA Services

CPA Partners

Source Advisors offers tailored solutions, focusing on speed, responsiveness, and flexibility to optimize clients’ tax strategies and maximize returns, fostering lasting relationships.

Our list of service line collaterals created for CPAs

Upcoming conferences, workshops, and webinars

Key tax strategies that can improve cash flow, free up capital, and fund future projects

Stay up to date with industry developments with Source Advisors’ CPE Courses

Stay ahead of the curve with our technical updates. From changes in tax legislation to updates on tax credits.

Resources

Source Advisors offers a comprehensive range of resources designed to help clients maximize their tax credits savings for their businesses.

Upcoming conferences, workshops, and webinars

Stay ahead of the curve with our technical updates. From changes in tax legislation to updates on tax credits, we’ve got you covered

Access our library of informative guides on various tax topics

Explore articles written by industry leaders on all our service lines

Learn from real-world examples to understand how we’ve helped our clients navigate various complex tax situations

Businesses of all sizes and industries can reduce federal income taxes for qualified research expenses

About Us

Our people are our greatest asset.

Community outreach and philanthropy.

Join the Source Advisors family! Check out our open positions.

Company updates and press releases

Try Our R&D Tax Credit Calculator.

See how much you qualify to receive from the IRS.

Your projected credit is

Select an industry Which of these apply to your business?

Please select an item in the list

Enter Current Year Total Wages

Please fill out all fields.

Based on your responses, we believe that you are not currently eligible for the R&D tax credit.

Please check back with us if you perform any product or software development-related work in the future.

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How To Use the R&D Tax Credit Calculator

Determine the estimated amount of R&D tax credit you’re eligible for from the previous tax year in three easy steps:

Select your industry

Select the criteria that apply to your business

Enter the total payroll amount from the previous tax year

This calculator has been developed utilizing data from a variety of studies conducted in the industries listed. This is only an approximation based on a variety of assumptions and should be treated as such. Your company may also qualify for a state benefit.

Who Qualifies for the R&D Tax Credit?

Businesses of any size or industry may qualify for the R&D tax credit if they perform qualified activities.

Which Activities Qualify?

The following sample activities qualify for the R&D tax credits:

Creating improved products, processes, formulas, software, and techniques
Automating or improving internal manufacturing processes
Designing tools, jigs, fixtures, and molds
Integrating new equipment
Development of software and firmware
Mobile application development
Internet of Things (IoT) development
Development of data center, big data, and data mining tools
Integration of APIs and other technologies
Manufacturing new or improved products
Developing prototypes, first articles, models
Evaluation of alternative materials
Development of firmware
Network hardware and software development and optimization
Developing simulators

Which Industries Qualify?

Aerospace
Tool & Die
Metal Fabrication
Plastics/Injection Molding
Consumer Products
Manufacturing
Architecture & Engineering
Food & Beverage
Financial Services
Mortgage & Banking
Construction/MEP
Software Development
Chemical
Contract Manufacturing
Pharma
Oil and Gas
Blockchain Development
Game Development
Any industry that develops or improves processes or products

R&D Tax Credit Calculator FAQs

How accurate is the R&D tax credit calculator?

The calculator provides an estimated R&D tax credit amount based on your payroll and qualifying activities. Actual credits may vary after a detailed study by a tax specialist.

What is the difference between an R&D tax credit calculator and a full R&D tax credit estimate?

The calculator gives you a quick estimate using general industry data. A full estimate involves analyzing your company’s financial records, project details, and qualified research activities for maximum accuracy.

How long does it take to get my R&D tax credit after filing?

Most companies receive their credit as part of their annual tax return processing. Timelines vary depending on whether the credit is applied to income taxes or payroll taxes.

Can startups use the R&D tax credit calculator?

Yes. Startups can use the calculator to estimate their potential R&D tax credit and determine if they can apply it against payroll taxes instead of income taxes.

Does the calculator include state R&D tax credits?

The calculator currently focuses on federal R&D tax credits. However, you may also qualify for state-level credits, which can increase your total benefit. Click here for a map of state credits.

How We Can Help?

At Source Advisors, our team of experienced CPAs, attorneys, engineers, and technology experts helps companies save money and create cash flow with R&D tax credits that can help drive overall growth.